TV3's owner likely to inject capital

It’s been a tough couple of years for television, something the owners of TV3 and C4 would have hoped wouldn’t have been the case when the private equity group bought the company in 2007.

The $790 million dollar transaction isn’t likely to be the last amount of money Ironbridge will be injecting into their investment though.  With radio licenses and a potential tax bill totaling around $60m, a shot in the arm would be very beneficial to the company.

While advertising revenue has been down, MediaWorks CEO Brent Impey is adamant that the company is performing better and significantly more profitably than its state owned rival, TVNZ.

Ironbridge has no formal exit plans for MediaWorks.

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About the author

Regan is one of the co-founders of Throng Media.
If they're on, I'm usually watching Game of Thrones, The Walking Dead, 24, Battlestar Galactica, The X Factor, Survivor, House of Cards, Mad Men and the NRL.
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