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BBC / UKTV (Read 227 times)
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Feb 7th, 2019, 10:55am
UKTV, here, reports that CEO Darren Childs is stepping down.

Meanwhile, Mark Sweney in "The Guardian" here, writes:-

"The chief executive of UKTV, owner of channels including Dave and Gold, is quitting ahead of a £1bn breakup of the broadcaster.......

His departure comes as the BBC is poised to seal the biggest media deal in the corporationís history....

The corporationís board is meeting next week and is expected to approve a deal to take control of the bulk of UKTV, which broadcasts 10 free-to-air and pay-TV channels, including a one-off payment of as much as £250m."

It is said that the deal involves giving Discovery- the other partner in UKTV- †access to BBC Natural History material, Good Food, "Home" and "Really".

More about the story:- "The Guardian".

The UKTV financial report here.states:-

"In 2016, UKTV continued its trajectory of sustained growth against all financial metrics. Over the course of three years, revenues have grown by 24.1% (£277.8m to £344.8m) and EBITDA* is up 35.5% (£67.4m to £91.3m)."

*EBITDA- ††"A company's earnings before interest, taxes, depreciation, and amortization is an accounting measure calculated using a company's net earnings, before interest expenses, taxes, depreciation, and amortization are subtracted, as a proxy for a company's current operating profitability." Source Wikipedia....
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