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ITV set to take ownership of UTV and UTV Ireland within days

ITV is set to take ownership over UTV and UTV Ireland at the end of the month after final ministerial approval was given.

UTV Media's sale of its TV assets faced several regulatory checks in the UK and Ireland. The approval by Alex White TD, Irish Minister for Communication, Energy and Natural Resources was the final step and his approval clears the way for the sale to be completed on 29th February.

UTV Media will continue with its radio business, and indicated that it would be renaming its residual business after the sale.