Liberty Global has bought BSky's stake in ITV for £481m. Lex's Lucy Colback and Oliver Ralph discuss why John Malone's cable company is investing in a small British TV station.

For more video content from the Financial Times, visit http://www.FT.com/video

Subscribe to the Financial Times on YouTube; http://goo.gl/vUQx5k
Twitter https://twitter.com/ftvideo
Facebook https://www.facebook.com/financialtimes