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Management buyout for Teletext

December 14, 2011 10.18 Europe/London By Julian Clover

The Daily Mail and General Trust has announced plans to sell its majority stake in Teletext Ltd to the operator’s management.

The news and information service had failed to find its feet in the digital environment. Having been allocated a separate number on the Freeview platform – as opposed to pressing Text in analogue – Teletext concentrated largely on the holiday market.

In May 2010, Teletext was fined £225,000 after its public teletext service was removed a month ahead of schedule.

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Filed Under: Finance, Newsline Tagged With: Teletext, UK Edited: 6 July 2012 10:36

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About Julian Clover

Julian Clover is a Media and Technology journalist based in Cambridge, UK. He works in online and printed media. Julian is also a voice on local radio. You can talk to Julian on Twitter @julianclover, on Facebook or by email at jclover@broadbandtvnews.com.

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