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Venture Capital Groups Seeking ITV Bid

(March 2006)

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PH
phileasfogg
The venture capital consortium stalking ITV (including Greg Dyke) is planning to present a revised offer — with a cash alternative — to the broadcaster’s board for approval before the weekend, The Times of London reported. The Apax, Goldman Sachs and Blackstone group is preparing to stitch together a new deal, which requires a further 1.3 billion pounds worth of new ITV shares to be underwritten in case existing shareholders want to sell out en masse.

-- The New York Times

http://business.guardian.co.uk/story/0,,1741596,00.html?gusrc=rss
http://www.timesonline.co.uk/article/0,,5-2108872,00.html#cid=OTC-RSS&attr=Business

One long-term objective of the bid consortium would be to try to persuade RTL Group, the German media group largely owned by Bertelsmann, to sell Five, the rival channel, and pave the way for a merger of the two commercial television groups.

- The Times
PT
Put The Telly On
Just seen a BBC News report on this in the style of Crossroads! (Clearly some sort of dig at their former Director General, Greg Dyke) Laughing

I feel a Harry Hill line here..... who is better? Charles Allen or Greg Dyke? Only one way to find out.......FIGHT!
DB
dbl
IMO, merging five with ITV is just wrong. Confused
MN
MarkN Founding member
dbl posted:
IMO, merging five with ITV is just wrong. Confused


phileasfogg posted:
One long-term objective of the bid consortium would be to try to persuade RTL Group, the German media group largely owned by Bertelsmann, to sell Five , the rival channel, and pave the way for a merger of the two commercial television groups.
DB
dbl
MarkN posted:
dbl posted:
IMO, merging five with ITV is just wrong. Confused


phileasfogg posted:
One long-term objective of the bid consortium would be to try to persuade RTL Group, the German media group largely owned by Bertelsmann, to sell Five , the rival channel, and pave the way for a merger of the two commercial television groups.

I'm talking about is one of Greg's ideas.
YO
yogibarney
if ITV is to merge with anyone it should be channel 4 before 5. 5 would be a waste of time
BR
Brekkie
Hasn't Greg Dyke done enough damage to British television already?


The worrying thing about this is a similar scenario to the takeover of Manchester United - ITV will be plunged into £3.5bn of debt once the takeover is complete.
:-(
A former member
wasn't he head of LWT once?

he also give us Roland rat / TVam
SO
Steven O
623058 posted:
wasn't he head of LWT once?

he also give us Roland rat / TVam


He was indeed head at LWT for a while. However, he didn't give us TV-am - he did play a key part in turning its fortunes round though, after its turbulent start, which included Roland Rat.
:-(
A former member
I think it will be great if he get hold of ITV, he know how itv was like so he'll try to get it back to its Hey day of TV!
AN
Andrew Founding member
623058 posted:
I think it will be great if her get hold of ITV, he know how itv was like so he'll try to get it back to its Hey day of TV!

On the Crossroads style report on BBC News, they said he wanted to cut programme budgets and bring in more imports. I'm not sure that sounds like a good idea
ST
Standby
From MediaGuardian:
Quote:
The private equity consortium circling ITV will not be able to sell off the broadcaster's Gray's Inn Road headquarters in central London because the building was sold eight years ago.
The sale of ITV's base is reportedly a central plank of the bidders' savings plan if the takeover succeeds.

Ground breaking journalism by the Guardian there Rolling Eyes
I was wondering when they would catch on that ITV don't actually own Gray's Inn Road.

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