Media group Chrysalis said profits at the television arm being stalked by industry heavyweights David Liddiment and Steve Morrison had doubled.

The division is currently the subject of takeover interest - thought to be worth about £40 million - from Mr Liddiment, a former ITV chief, and Steve Morrison, the ex-Granada chief executive.

The figures showed the television business, which makes the ITV drama Midsomer Murders and produces the Richard and Judy chat show for Channel 4, lifted operating profits to £2.8 million in the six months to February 28, from £1.2 million last time.

A sale would allow Chrysalis to focus on its radio and music offering, which includes Birmingham's Galaxy 102.2 and Heart 106.2 in London.

Chrysalis also has recording artists Feeder and David Gray on its books.

Across the group, turnover lifted ten per cent to £125.5 million.

Wednesday May 7