Two US media firms vying for stake in BBC Worldwide’s UKTV

TWO US media companies are vying to become BBC Worldwide’s new partner in UKTV, the broadcaster behind digital channels Dave, Watch and Gold, according to the Sunday Times.

Discovery Communications and Scripps Networks are trying to team up with BBC Worldwide, which owns 50 per cent of UKTV, to buy the remaining stake from cable group Virgin Media, the paper said, without citing sources.

Sources familiar with the situation said in August that Virgin Media had appointed banks UBS and Goldman Sachs to help sell its stake in UKTV and that the holding had been valued at about £350m.

BBC Worldwide and Virgin Media did not comment.