TV

Liberty Global’s UPC Ireland acquires TV3 Group

UPC Ireland, a subsidiary of Liberty Global, has acquired Dublin-based TV3 Group from private equity fund manager Doughty Hanson & Co. (Pictured: TV3 CEO David McRedmond)
July 6, 2015

UPC Ireland, a subsidiary of international cable company Liberty Global, has acquired Dublin-based TV3 Group from UK private equity fund manager Doughty Hanson & Co.

The deal, worth €87 million (US$96 million), will see the Irish broadcaster joining All3Media-owned Liberty Global – one of the largest international cable companies operating in 14 countries with a market cap of more than US$42 billion.

Second only to pubcaster RTÉ1 in Ireland with an audience share of 12%, TV3 currently operates two free-to-air channels including the flagship TV3 and the youth-skewing 3e. As well, the company also transmits TV3+1 across UPC and Sky, and operates the VOD service 3Player.

Doughty Hanson first purchased TV3 Group in 2006 for €265 million ($292 million).

“The investment we are making today secures the long-term future of TV3 Group,” said Magnus Ternsjö, CEO of UPC Ireland, in a statement. “With its wide range of homegrown programming, TV3 holds a unique place in the heart of Irish viewers.”

“TV3′s employees have transformed the company from an old-model channel reliant on foreign programming into a contemporary media company originating its own content distributed across multiple platforms,” added TV3 CEO David McRedmond (pictured). “This deal is a great endorsement of TV3′s strategy and team by a leading global company, and is also an expression of confidence in the continuing turnaround in the Irish economy.”

About The Author
Daniele Alcinii is a news reporter at realscreen, the leading international publisher of non-fiction film and television industry news and content. He joins the rs team with journalism experience following a stint out west with Sun Media in Edmonton's Capital Region, and communications work in Melbourne, Australia and Toronto. You can follow him on Twitter at @danielealcinii.

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