Article from Digital Spy, stating that Richard Desmond will sell Channel 5 for £700million after buying it in 2010 for £103million.
Possibly buyers include ITV and Time Warner.
I wonder what this could mean for Big Brother?
Article after the spoiler tag.
Spoiler:
Richard Desmond is reportedly considering selling off Channel 5.
The Northern & Shell owner is said to be exploring the idea of a possible sale and has appointed Barclays to advise him.
The Financial Times, which first reported the news, states that Desmond - who bought the channel for £103.5 million ($171m) in 2010 - is seeking to get upwards of £700m ($1.15 billion) for the broadcaster.
ITV and Time Warner's Turner unit have both been tipped as potential buyers for the channel, while The Hollywood Reporter has also cited Discovery Communications, Liberty Global and Vodafone.
ITV, Barclays and Northern & Shell have all declined to comment on the reports.
Northern & Shell told the FT: "As a media group with a broad portfolio of assets we are often the subject of speculation, but it remains our policy not to comment on these matters."
Channel 5 - which airs shows such as Big Brother, Neighbours and CSI in the UK - was previously owned by German media company RTL Group.
Read more:
http://www.digitalspy.co.uk/media/ne...#ixzz2pGugOb5w