It’s a big day for Ireland’s biggest commercial broadcaster.
UPC Ireland has bought TV3 for €80m, with a further €7m payable if the broadcaster meets certain targets.
When the deal is completed, TV3 – as well as its entertainment channel 3e – will become part of Liberty Global, the owners of UPC.
Magnus Ternsjö, CEO of UPC Ireland, said: “We’re pleased to welcome TV3 to the Liberty Global family. The investment we are making today secures the long-term future of TV3.
“With its wide range of home-grown programming, TV3 holds a unique place in the heart of Irish viewers. This is a terrific addition to the TV service we offer – which is already the best in Ireland.”
Confirmation that @UPCIreland is to buy @tv3Ireland pic.twitter.com/CC8midLwX1
— Jonathan Healy (@jonathanhealy) July 3, 2015
LISTEN: You Must Be Jokin’ podcast – listen to the latest episode now!
