SelecTV buys into Tribeca TV

Television producer SelecTV has bought 50% of Tribeca Television, a specialist maker of business programs.

The maximum price, payable in three annual installments and tied to financial targets, is T91,000 ($ 136,500).

Expansion broadens

SelecTV chief executive Allan McKeown said that this expansion into business television broadens his company’s sphere of interest beyond comedy and comedy-drama.

The association with Tribeca also gives the SelecTV group the expertise needed to enter cable and satellite business channels, McKeown added.

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