How much Discovery paid for TV3
The television arm of MediaWorks was sold for book value. Photo / SuppliedFinancials released this week show that global entertainment giant Discovery paid millions of dollars for the MediaWorks TV arm.
MediaWorks results for the year ended December 2021 show Discovery paid $20 million cash plus $3.5m in receivables.
This figure came in just above the book value that MediaWorks had assigned to the TV arm in its valuation.
MediaWorks financials showed a $4.8 million loss for the year on the back…
