You will be redirected back to your article in seconds

2 Icelandic nets merge

LONDON — The Icelandic private TV broadcasters Icelandic Broadcasting Corp., which operates Channel 2, and Icelandic Multimedia, operator of Channel 3 (Ice TV), have merged.

The move included Channel 3 ceasing transmissions on Feb. 24.

IM shareholders sold their shares in IM to IBC for a 10% stake in IBC, the largest private media company in Iceland. No further financial details were given.

In a statement, the companies said: “The purpose of this merger is to economize the media landscape in Iceland. … competition between the two media companies has resulted in much higher costs than is necessary where all parties were concerned.”

More Scene

  • NMHC Impact Awards

    Aubrey Plaza, NHMC President Call Out Under-Representation of Latinos at Impact Awards

    LONDON — The Icelandic private TV broadcasters Icelandic Broadcasting Corp., which operates Channel 2, and Icelandic Multimedia, operator of Channel 3 (Ice TV), have merged. The move included Channel 3 ceasing transmissions on Feb. 24. IM shareholders sold their shares in IM to IBC for a 10% stake in IBC, the largest private media company […]

  • 'Seven Seconds' TV show premiere

    Regina King Talks Heaviness of Role in 'Seven Seconds'

    LONDON — The Icelandic private TV broadcasters Icelandic Broadcasting Corp., which operates Channel 2, and Icelandic Multimedia, operator of Channel 3 (Ice TV), have merged. The move included Channel 3 ceasing transmissions on Feb. 24. IM shareholders sold their shares in IM to IBC for a 10% stake in IBC, the largest private media company […]

  • UnReal Athena Film Festival

    How Trump Beating Clinton Impacted the Gender Politics of 'UnReal' Season 3

    LONDON — The Icelandic private TV broadcasters Icelandic Broadcasting Corp., which operates Channel 2, and Icelandic Multimedia, operator of Channel 3 (Ice TV), have merged. The move included Channel 3 ceasing transmissions on Feb. 24. IM shareholders sold their shares in IM to IBC for a 10% stake in IBC, the largest private media company […]

  • 'Unsolved: The Murders of Tupac and

    'Unsolved' Stars Point Out Racial Injustice in Biggie and Tupac Murder Cases

    LONDON — The Icelandic private TV broadcasters Icelandic Broadcasting Corp., which operates Channel 2, and Icelandic Multimedia, operator of Channel 3 (Ice TV), have merged. The move included Channel 3 ceasing transmissions on Feb. 24. IM shareholders sold their shares in IM to IBC for a 10% stake in IBC, the largest private media company […]

  • Taura Stinson, Common, and Diane WarrenVariety

    Common, Pasek and Paul, Diane Warren Reveal Inspiration Behind Oscar-Nominated Songs

    LONDON — The Icelandic private TV broadcasters Icelandic Broadcasting Corp., which operates Channel 2, and Icelandic Multimedia, operator of Channel 3 (Ice TV), have merged. The move included Channel 3 ceasing transmissions on Feb. 24. IM shareholders sold their shares in IM to IBC for a 10% stake in IBC, the largest private media company […]

  • 'Game Night' film premiere

    'Game Night': Director, Writer Talk 'Straddling Genres' and the Influence of 'Get Out'

    LONDON — The Icelandic private TV broadcasters Icelandic Broadcasting Corp., which operates Channel 2, and Icelandic Multimedia, operator of Channel 3 (Ice TV), have merged. The move included Channel 3 ceasing transmissions on Feb. 24. IM shareholders sold their shares in IM to IBC for a 10% stake in IBC, the largest private media company […]

  • Esquire 'Mavericks of Hollywood' party

    Terry Crews on His Sexual Assault Lawsuit: 'If I Don’t Get Justice, Nobody Can'

    LONDON — The Icelandic private TV broadcasters Icelandic Broadcasting Corp., which operates Channel 2, and Icelandic Multimedia, operator of Channel 3 (Ice TV), have merged. The move included Channel 3 ceasing transmissions on Feb. 24. IM shareholders sold their shares in IM to IBC for a 10% stake in IBC, the largest private media company […]

More From Our Brands

Access exclusive content