Business
Disposal
Disposal.
About this update from Itv Plc
[{"type":"text","content":"\n RNS Number : 3885T ITV PLC 28 September 2010 \n \n\n \n \n \n28 September 2010\n \n \nITV plc sells Screenvision assets to Shamrock Capital for US $80m \nITV plc today announced that it has reached agreement with Shamrock Capital Growth Fund II, a leading, US-based private equity fund focused on media, entertainment and communications investing, to sell its 50% stake in Screenvision for a cash consideration of US $80m. Completion of the transaction is subject to US Hart Scott Rodino anti-trust clearance.\nCommenting on the transaction Adam Crozier, Chief Executive of ITV plc, said:\n\"This is another important step for ITV as we progress our transformation plan to focus the business on its core objectives of UK multi-platform broadcasting and global content. The proceeds of this sale will positively impact our net debt which decreased by £175m in the six months to 30th June 2010.\"\n \nENDS\n \nNotes to Editors \nFor further information, please contact:\n \nInvestor Relations\nPippa Foulds 0207 157 6555 \n \nMedia Relations\nLouise Evans 020 7157 3710 \nCaroline Cook 020 7157 3709\n \nTulchan Communications\nSusanna Voyle 020 7353 4200\n \n \n \nAbout ITV \nITV plc is the UK's leading advertiser-funded, free-to-air broadcaster and employs c. 4,000 staff worldwide within its Broadcasting, ITV Studios and Online businesses. \nITV's broadcasting business is made up of ITV1, the UK's largest commercial TV channel in terms of audience share, and the UK's leading portfolio of digital channels - ITV2, ITV3 and ITV4. Annually ITV invests around £1 billion in content for its broadcast channels and its website itv.com.\nItv.com is f...