America's Liberty Media is to join Tony O’Reilly’s Independent News & Media in the launch of Chorus, a new 70-channel digital cable venture in the Irish Republic.
The vehicle for the 50/50 joint venture is Irish Multichannel, which will be available to 60% of the nation’s homes. The duo have already raised 360 million (£211m) in funding.
Chorus was unveiled yesterday, coincident with IN&M’s posting of interim pre-tax profits up by 22.1% to 74.5m.
News source: The Times (London)