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-   -   Richard Desmond 'considers OK! selloff' (https://www.thisisbigbrother.com/forums/showthread.php?t=137901)

michael21 29-05-2010 10:48 AM

Richard Desmond 'considers OK! selloff'
 
Richard Desmond, the billionaire owner of Channel 5, is reportedly considering the sale of his celebrity magazine empire, including OK!, Star and New.

A report published yesterday in Media Week indicated that Desmond's media firm Northern & Shell has appointed Barclays Capital to broker the sale.

According to official figures, OK! sells six million copies a week around the world and made £20 million last year in the UK. Desmond has helped the magazine to outsell key rival Hello! via a series of major exclusives, including deals with David Beckham and Katie Price.

Sources indicate that there isn't currently a "live brief" out for the sale, while Desmond is thought to be keen to leverage cross-promotion opportunities between his celebrity publications and Channel 5, the broadcaster he acquired for £103.5m last summer.

Last month, Channel 5 launched OK! TV, a new celebrity entertainment news programme presented by Matt Johnson and Kate Walsh. A Northern & Shell spokesman also dismissed the sale reports as "pure speculation".

However, an industry insider suggested that Desmond has grown privately worried about the dwindling selling power of celebrity news.

The development also comes at a time of major consolidation in the print industry, as companies brace themselves for a wave of merger and takeover activity.

French publisher Hachette Filipacchi recently sold more than 100 magazines, including Elle and Red, while BBC Magazines is believed to be close to a deal to sell off its magazines division, publisher of Radio Times and Top Gear.

Discussing the possible sale of Desmond's celebrity magazines, Alex de Groote, analyst at brokers Panmure Gordon, told the Evening Standard: "If the print assets are up for sale, what valuation will they get? Will they go as a trophy asset? It's a defining point for UK media.

"If Desmond is saying, 'I'm giving up interest', does that mean these businesses have reached a tipping-point?"

michael21 18-03-2011 06:38 PM

Richard Desmond approached over magazine sell-off
 
http://www.guardian.co.uk/media/2011...azine-sell-off

Is this the end of oktv?

Rob 18-03-2011 06:40 PM

oktv only just launched so i doubt it.....

michael21 18-03-2011 06:46 PM

Quote:

Originally Posted by Rob (Post 4163467)
oktv only just launched so i doubt it.....

maybe a rebrand how about tvx :joker:

Rob 18-03-2011 06:47 PM

or the new owners will buy the airtime on C5?

michael21 18-03-2011 06:48 PM

Quote:

Originally Posted by Rob (Post 4163491)
or the new owners will buy the airtime on C5?

That a good point :hugesmile:

Rob 18-03-2011 06:49 PM

hmm, now i see why desmond is considering it,

1. he'll get loads of money from the sale
2. he'll get more money as OK will want to continue advertising on 5

michael21 18-03-2011 07:12 PM

Quote:

Originally Posted by Rob (Post 4163501)
hmm, now i see why desmond is considering it,

1. he'll get loads of money from the sale
2. he'll get more money as OK will want to continue advertising on 5

its like there say money go to money


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