http://www.theguardian.com/media/201...-channel-5-bid
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Discovery Communications has withdrawn its bid for Richard Desmond's Channel 5, which is thought to leave MTV owner Viacom as one of the few remaining potential buyers.
US factual broadcaster Discovery made a bid earlier this week in the second round of the acquisition process, but in the latest twist in the long-running Channel 5 sale saga has now dropped out of the running, MediaGuardian understands.