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Liberty Global to sell stake in Cello Media (thats the CBS/Horror channel brand)

  • 21-05-2013 06:36PM
    #1
    Closed Accounts Posts: 88,968 ✭✭✭✭


    Liberty Global Inc., John Malone's international cable business, has put its Chellomedia television-channel business up for sale, in a move that could lead to a deal valued at between $800 million and $1 billion, according to people familiar with the matter.

    Liberty Global, based in Douglas County, owns a collection of broadband networks in more than a dozen countries, including Germany and Belgium. Chellomedia is Liberty Global's content division, producing and distributing TV channels in a variety of genres including sports, movies and cooking to roughly 390 million households worldwide.

    CBS own only about 30% of their branded channels, Cello media have a pretty big portfolio in all markets.


Comments

  • Moderators, Technology & Internet Moderators Posts: 12,871 Mod ✭✭✭✭icdg


    Moved to Broadcasting.


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