You will be redirected back to your article in seconds

John Malone’s Liberty Global Ups ITV Stake to 9.9%

ITV airs hit shows like 'X Factor,' 'Downton Abbey' (above)

LONDON — John Malone’s international cable TV company Liberty Global has increased its stake in U.K. broadcaster ITV to 9.9%.

Liberty Global bought a 6.4% stake in ITV, whose shows include “The X Factor” and “Downton Abbey,” last year from European pay TV operator Sky.

“Given ITV’s operating and stock price performance, we were able to increase our stake to 9.9% with no incremental investment by hedging our existing equity position,” Liberty Global CEO Mike Fries said.

“This investment remains an opportunistic one for us in our largest market. ITV is a well-run company with attractive growth potential, and we are pleased to increase our position as their largest shareholder.”

Liberty Global stated that it does not intend to make an offer to acquire ITV, although it reserves the right to do so in the future.

Liberty Global has been steadily increasing its investments in the U.K. It already owns U.K. pay TV company Virgin Media and half of All3Media, which comprises a wide-range of TV production companies, mostly in the U.K. but also in the U.S.

ITV itself has been acquiring production companies in the U.K. and the U.S., as it seeks to reduce its reliance on advertising revenue.

More TV

  • BBC Worldwide Sells 'Dancing With the

    BBC Worldwide Sells 'Dancing With the Stars' to Iceland

    LONDON — John Malone’s international cable TV company Liberty Global has increased its stake in U.K. broadcaster ITV to 9.9%. Liberty Global bought a 6.4% stake in ITV, whose shows include “The X Factor” and “Downton Abbey,” last year from European pay TV operator Sky. “Given ITV’s operating and stock price performance, we were able […]

  • 'Game of Thrones' Producer Doelger to

    'Game of Thrones' Producer Frank Doelger to Beta Film-ZDF Joint Venture

    LONDON — John Malone’s international cable TV company Liberty Global has increased its stake in U.K. broadcaster ITV to 9.9%. Liberty Global bought a 6.4% stake in ITV, whose shows include “The X Factor” and “Downton Abbey,” last year from European pay TV operator Sky. “Given ITV’s operating and stock price performance, we were able […]

  • Berlinale Drama Series Days: Female-Driven TV

    Berlinale Drama Series Days 2018: Female-Driven TV Series Lead Festival

    LONDON — John Malone’s international cable TV company Liberty Global has increased its stake in U.K. broadcaster ITV to 9.9%. Liberty Global bought a 6.4% stake in ITV, whose shows include “The X Factor” and “Downton Abbey,” last year from European pay TV operator Sky. “Given ITV’s operating and stock price performance, we were able […]

  • counterpart Starz

    Berlinale Drama Series Days Sees American TV Playing to the World

    LONDON — John Malone’s international cable TV company Liberty Global has increased its stake in U.K. broadcaster ITV to 9.9%. Liberty Global bought a 6.4% stake in ITV, whose shows include “The X Factor” and “Downton Abbey,” last year from European pay TV operator Sky. “Given ITV’s operating and stock price performance, we were able […]

  • 'Blade Runner 2049,' 'Dunkirk,' 'Game of

    'Blade Runner 2049,' 'Dunkirk,' 'Game of Thrones' Win Golden Reel Awards for Sound Editing

    LONDON — John Malone’s international cable TV company Liberty Global has increased its stake in U.K. broadcaster ITV to 9.9%. Liberty Global bought a 6.4% stake in ITV, whose shows include “The X Factor” and “Downton Abbey,” last year from European pay TV operator Sky. “Given ITV’s operating and stock price performance, we were able […]

  • Fergie

    Fergie Sexes Up National Anthem at NBA All-Star Game and America Isn't Having It

    LONDON — John Malone’s international cable TV company Liberty Global has increased its stake in U.K. broadcaster ITV to 9.9%. Liberty Global bought a 6.4% stake in ITV, whose shows include “The X Factor” and “Downton Abbey,” last year from European pay TV operator Sky. “Given ITV’s operating and stock price performance, we were able […]

More From Our Brands

Access exclusive content