Lord Lebedev was mentioned final month to be exploring a sale of the London Dwell station he launched in 2014, with The Sunday Instances reporting that it had misplaced greater than £20m because it was established.
One media business supply mentioned the deal would take Native TV’s share of the regionally broadcast tv market to roughly 60%.
It already has channels centered on areas together with Birmingham, Leeds and Cardiff.
The corporate’s eight current channels are broadcast to greater than 5 million UK households.
Whereas owned by Mr Montgomery, Native TV is run by Lesley Mackenzie, its chief government.
He was reported this weekend to have met Todd Boehly, the Chelsea Soccer Membership co-owner, about collaborating on a bid.
