Fox acquires stake in Real Estate TV

Fox International Channels has acquired a controlling stake in Real Estate TV.

"By becoming part of FIC's international bouquet of channels, RETV will be able to leverage the company's publishing, online and other channels to further improve our viewers experience while enhancing at the same time the value proposition we can offer to our advertisers," said Mark Dodd, Real Estate TV's managing director.

Dodd will continue to lead the company, which will relocate to Fox's London offices to colocate with FX and Baby TV.

Fox International Channels CEO David Haslingden said: "RETV is addressing an attractive and underserved media market with strong growth potential. Our strategy has always been to find innovative brands that satisfy market gaps and then use our distribution power and know-how to extend these globally. We will work aggressively to rollout the RETV service to other key markets around the world."

The three year old channel is available on Sky, BT Vision and Virgin's digital cable service.

Source: Digital Spy