TVS Gets Rival Bid From US Company

A Los Angeles based investment group, TCW, acted as representative for an undisclosed media company yesterday and approached TVS with an alternative bid to the £38.2m offer made by International Family Entertainment in September

Executives at the TV company, due to hand over its’ franchise at the end of this year, seem uncertain about who TCW represents and whether the offer can be considered a serious rival to Pat Robertson’s agreement. Industry sources are claiming that the mystery bidder is Act III, a US based production company. TVS shares rose to 25p following the announcement.