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Read this: Richard Desmond promises Channel Five investment, drive and leadership | Media | guardian.co.uk

Summary: Sources close to Desmond say that was a statement of intent, with further acquisitions to come. RTL announced its deal with Northern Shell, the private company which controls Desmond's newspaper and magazine titles, to the stock market this evening. Desmond's bid is believed to be twice what his closest rival offered for the company, which made an operating loss of 41m in the last financial year. - guardian.co.uk

Read full article: www.guardian.co.uk link icon  Richard Desmond promises Channel Five in…



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