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ITV Sells Irish Channel That Will Remain in EU After Brexit

  • Brexit vote splits TV operation ITV bought just 5 months ago
  • Virgin Media buys UTV Ireland in Dublin, ITV keeps Belfast

ITV Plc agreed to sell Dublin-based UTV Ireland to Virgin Media, parting with an operation it bought less than five months ago that lies across the coming border with the European Union.

As part of the deal, Virgin Media will take over a 10-year contract to supply programming to ITV, according to a statement from ITV on Monday. Financial terms weren’t disclosed. London-based ITV paid 100 million pounds ($130 million) for the parent of UTV Ireland in February.