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Read this: Richard Desmond buys Channel Five for 103.5m | Media | guardian.co.uk

Summary: The disposal is in line with RTL Group's strategy of being number one or two in each of our markets. Desmond, who still owns a raft of porn channels, also spent money on OK magazine which lost money for the first six years of his ownership but is now highly profitable. It is unclear what chief executive Dawn Airey's position will be although she is rumoured to be able to move to RTL following any departure from Five. - guardian.co.uk

Read full article: www.guardian.co.uk link icon  Richard Desmond buys Channel Five for 10…



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