Independent production company All3Media has snapped up Hollyoaks and Grange Hill producer Mersey Television in a deal reported to be worth £35m.More from Brand Republic.
All3Media, headed up by former Granada CEO Steve Morrison, completed the deal to buy Mersey TV, which produced the now-defunct Brookside, after its chairman Phil Redmond put the business up for sale earlier this year.
All3Media, set up by Morrison in 2003, started buyout talks with Liverpool-based Mersey in April.
Redmond will remain involved in the company as executive producer of BBC children's drama 'Grange Hill'. His wife Alexis will step down as managing director of Mersey TV.
Wednesday, June 22, 2005
All3Media buys Mersey TV
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