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Read this: Desmond to buy Channel Five by end of the week -TV Radio, Media - The Independent

Summary: Richard Desmond, the newspaper proprietor and media tycoon, is expected to announce his purchase of Channel Five by the end of the week. After weeks of speculation over the channel's future, Desmond, who already owns Express newspapers, emerged over the weekend as the front runner to buy the channel. Though no agreement has yet been signed, Zeiler is expected to tell other bidders including Channel 4 in the next couple of days. - link

Desmond to buy Channel Five by end of th…

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