Speculation is mounting that media group Flextech is considering buying the stakes which Pearson TV holds in UK Gold and UK Living. A spokeswoman for Flextech told MediaTel that whilst Flextech is not commenting on the rumours at present, an announcement is expected to be made soon.
It is understood that any buyout of the channels will not be for cash but for shares in Flextech, so that Pearson would then have a small interest in the company.
Recent moves by Flextech, which at present has interests in fifteen channels including Bravo, the Family Channel, Discovery and TLC, have pointed to the fact that it is keen to extend its interests in cable and satellite channels: in March it was announced that Flextech was establishing its own airtime sales house (Newsline 25/03) and last month Flextech’s United Artists Entertainment was rebranded as Flextech Television (Newsline 26/06) in a bid to strengthen this area of the company’s interests.
Flextech: 0171 813 4100
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