Sony TV unit says to buy Britain's CSC media group for 107 million pounds

TOKYO, June 26 Thu Jun 26, 2014 5:40am EDT

TOKYO, June 26 (Reuters) - Sony Corp said on Thursday its TV programming production subsidiary would buy British broadcaster CSC Media Group for 107 million pounds ($180 million), acquiring 16 channels as it attempts to expand the reach of its networks in Europe.

Sony Pictures Television will buy 100 percent of CSC's shares, having struck a deal with majority shareholder Veronis Suhler Stevenson. Sony said it expected the acquisition to have a slight effect on its earnings in the current business year to March 2015. ($1 = 0.5956 British Pounds) (Reporting by Sophie Knight; Editing by Edmund Klamann)

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