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Read this: Richard Desmond in the running to buy Channel Five | Media | The Observer

Summary: He is understood to have reached the final round of the auction for Five being run by US investment bank JP Morgan. In a recent Radio 4 interview, Desmond said he hoped to be involved in media consolidation, but has never confirmed an interest in loss-making Five. ITV and Channel Four are believed to have withdrawn from the bidding. -

Read full article: link icon  Richard Desmond in the running to buy Ch…

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