Deutsche Bank Reports On VMED's 50% Sale Of UKTV To Scripps Networks

Deutsche Bank has published a research report on Virgin Media VMED, stating the following: "Virgin Media announced this morning it has reached an agreement with US-based media company Scripps Networks Interactive (SNI) for the sale of VMED's 50% stake in broadcaster UKTV." Deutsche Bank maintains its Hold rating on Virgin Media, which closed Friday at $23.64. Scripps Networks SNI closed Friday at $42.68.