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Thomson eyes ITV's Carlton Screen AdvertisingA one stop shop for the latest Satellite and Broadcast Industry news. Got any hot news stories? Become a freelance reporter and post them here. Remember to give credit for any quotes. | |
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11-10-2004
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French media company Thomson is planning a bid for ITV's cinema ad sales business Carlton Screen Advertising, valued at £120 million (E180 million). As part of the moves to get rid of non-core assets, ITV CEO Charles Allen is reviewing the future of Carlton Screen Advertising within ITV and has welcomed the move. Last month, ITV sold its stake in Thomson for £162 million. Carlton Screen Advertising is headed by CEO Debbie Chalet and counts Odeon, UCI and Cineworld among its customers, and represents a total of 2,500 screens in the UK and Republic of Ireland. It has a joint venture with Thomson, giving the companies 50 per cent ownership of Screenvision US and Screenvision Europe, the largest cinema advertising network in the US and Europe, which are part of the sale. | ||
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