Desmond buys Five

Posted At : 26 July 2010 12:19 | Posted By : Anne Austin
Related Categories: Media owners, Television, UK

RTL has sold Five to Richard Desmond's Northern & Shell for £103.5m. Mr. Desmond has intimated that he will invest heavily in new programming and is already said to be in negotiations to buy Big Brother, currently homeless after being dropped by Channel 4.

Five's schedule will remain as is for a while as its contracts to broadcast shows such as CSI and Neighbours run their course. However, a shake-up in programming is now expected in 2011.

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