6 November 2002
Telewest Communications plc sells
Telewest Communications plc's ('Telewest') wholly owned subsidiary TVS Television Limited has agreed to dispose of the
entire issued share capital of Maidstone Studios Limited ('Maidstone Studios') to Dovedale Associates Limited ('
Maidstone Studios has three recording studios together with post-production facilities for use in television
The consideration due to Telewest for the sale of Maidstone Studios will be £4.25 million, to be paid in cash. It is
Telewest's intention to use the proceeds from the disposal for capital expenditure in relation to its business.
Telewest: Mary O'Reilly 020 7299 5888
Brunswick: Sarah Tovey 020 7404 5959
Maidstone Studios Geoff Miles 01622 6911111
Notes to Editors:
Maidstone Studios is a recognised studio complex that has been serving the industry for 20 years. It offers a full
range of television production and post-production services.
Telewest Broadband, the broadband communications and media group, currently provides multi-channel television,
telephone and internet services to more than 1.7 million UK households, and voice and data telecommunications services
to over 73,000 business customers. Its content division, Flextech, is the biggest provider of basic channels to the UK
pay-TV market and is the BBC's partner in UKTV, which has a portfolio of pay-TV channels, based on the corporation's
programming, including UK Gold.
Dovedale Associates is a company formed by a group of local businessmen specifically to acquire Maidstone Studios as a
facility house in order to expand their existing media interests.