The broadcasting division of newspaper publishers Daily Mail and General Trust (DMGT), has announced the sale of Arts and Entertainment Programming Limited (A&E) to broadcasting and cable TV company, Eiacom plc, for £365,000 in cash.
The sale of A&E by DMG Broadcasting will give rise to an exceptional loss on disposal of approximately £4 million within the current year, due to the deduction of goodwill and previously written off reserves.
Arts and Entertainment Programming Limited is the owner of the Performance Channel which currently broadcasts in the UK on Sky and on Telewest.
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