Sky buys Virgin Media's TV channels for £160 million
It's been rumoured for a while but it's now official - Sky have paid £160 million for Virgin Media's television channels.
The channels bought by Sky include Bravo (aka "the Knight Rider channel"), Living TV ("Most Haunted 24/7") and Virgin 1 ("Next, a Chuck and Star Trek double-bill"). Sky will now get to sell advertising for the channels. Virgin Media doesn't lose out on the deal - their customers will receive Sky's HD channels.
Content from Sky’s basic and premium channels, including Sky1 and Sky Arts, will be available through Virgin Media's on-demand TV service.