Monday, 07 December 2015

Virgin Media closes deal to acquire TV3

David McRedmond to leave TV3 by year end.

Virgin Media Ireland, the leading connected entertainment provider today completed its acquisition of TV3, the leading commercial broadcaster in Ireland.


Tony Hanway, CEO of Virgin Media Ireland commented: “We’re delighted to welcome TV3 to the Virgin Media family. Ireland is an important growth market for Virgin Media and this transaction represents our company’s first entry into the free-to-air broadcasting sector. This acquisition also secures TV3’s long term future and provides it with a strategic partner to build on its success both in Ireland and internationally.

“With TV3’s future now secure, David McRedmond has decided to leave the business by year end to pursue other opportunities. While I am sorry to lose David from TV3 he leaves with our best wishes. Under his leadership TV3 has transformed the Irish broadcasting landscape, introducing real competition, innovating with high quality Irish programming and delivering profitable growth. David has built a first-class team in TV3 and I look forward to working with them for the next phase of growth for TV3 and Virgin Media.”


David McRedmond, CEO of TV3 Group said: “I am delighted that this sale is now completed. TV3 has consistently punched above its weight to compete in the Irish market and with the backing of the world’s largest international cable company, TV3 can now achieve its full potential. This is the right time for new leadership to take the reins. I have enjoyed every day at TV3 working with such a talented, creative and friendly team. I want to thank TV3’s departing investors Doughty Hanson for their professionalism, loyalty and support particularly during the recession. Liberty Global through Virgin Media is a world-class owner for the business and I wish them every success”.

The transaction was cleared by the Competition and Consumer Protection Commission, the Broadcasting Authority of Ireland and the Department of Communications, Energy and Natural Resources. 

David Drumm has been jailed for six years

David Drumm has been jailed for six years, for conspiracy to defraud and false accounting, but he will...

Wednesday, 20 June 2018

Paul Horgan found guilty of murdering his mother

A jury has returned a guilty verdict in the case of a son, Paul Horgan, accused of murdering...

Wednesday, 20 June 2018

The trial of a father and three sons accused of murdering Neil Reilly continues

The main prosecution witness in the trial of a father and three sons accused of murdering 36 year-old...

Wednesday, 20 June 2018

David Drumm Sentencing

Former Anglo Irish Bank boss to learn his fate after a multi billion euro fraud conviction.

Wednesday, 20 June 2018

Human rights abusers

The Trump white house slams the United Nations as it defends separating children from their parents,...

Wednesday, 20 June 2018

A matter of interest

The central bank moves to make switching your mortgage, an easier option.

Wednesday, 20 June 2018

Serious failings and shortcomings at the child and family agency

The child and family agency Tusla has been warned it must take urgent action to deal with what've been...

Tuesday, 19 June 2018

Court hears a man accused of murdering his mother can't remember anything in the hours leading up to the incident

A court has heard that a man accused of murdering his mother can't remember anything in the hours...

Tuesday, 19 June 2018
Click here to view more

The US House of Representatives will vote on legislation today to back President Donald Trump's order to keep famil… t.co/utVZVTyVOv

6:44 AM - 21 Jun 18

Today, the 21st of June marks the longest day of the year. The summer solstice has the longest period of sunlight i… t.co/oToUDSKRlS

6:28 AM - 21 Jun 18

Carers will be honoured at Ireland's first National Awareness day for Family Carers. There are an estimated 355,000… t.co/0Oyv8CZsCZ

6:24 AM - 21 Jun 18

The UK government has won a key vote on Brexit legislation. The House of Commons rejected a proposal to make the go… t.co/koAyoEtvzL

6:20 AM - 21 Jun 18

The head of the EC and lead European negotiator on Brexit meet for talks this morning with an Taoiseach. Jean-Claud… t.co/X8PPWWZN5G

6:00 AM - 21 Jun 18

The AIB head will be quizzed at the Oireachtas finance committee later. Bernard Byrne will appear as part of Oireac… t.co/3vr9GwxoEQ

5:49 AM - 21 Jun 18

Trump agrees to sign order to keep migrant families together & David Drumm sentenced over conspiracy to defraud - H… t.co/ZwC5ZzSn1L

6:59 PM - 20 Jun 18

Laura will be live with all the latest on sentencing on 3News at 5.30 t.co/BUS3E6u5Dj

5:20 PM - 20 Jun 18