RTL has put its£30m a year transmission services company LPC (London Playout Centre) up for sale after deciding that it is no longer "core business", writes Will Strauss.
The London-based facility, formerly known as Pearson Television, has been made available as a going concern and information, including top-level accounts, has already been circulated to prospective buyers. LPC staff were informed of the decision in a statement last week.
No value has been put on the company but LPC's technical facilities turnover before tax for the year ending 31 December 2002 was more than£30m. Its net assets for the same period were£17.1m. LPC, which also provides studio and post-production services, employs around 300 staff.