Sony Buys CSC Media Group

Will Be Top Five Player in the UK Market
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Sony Pictures Television has struck a deal to buy UK programmer CSC Media Group and its suite of ad-supported channels.

SPT made the deal for 100% of the company with majority shareholder Veronis Suhler Stevenson, a private equity firm with over $3 billion in investments that formed CSC with its purchase of the Chart Show channels in 20007.

CSC's ad-supported channels include a number of kids channels as well as the true film, drama and entertainment channels.

CSC also has a a number of Web sites, on demand services and mobile apps, according to the company.

"The acquisition of CSC further demonstrates our commitment to the UK market and our intent to continue to grow our tremendously successful global portfolio of networks," said SPT worldwide networks president Andy Kaplan.

Sony already has 9 channels in the UK, but now will be the number five channel programmer in the UK market measured by commercials views, according to SPT.