Read this: Channel 5 Owner Triples Profit Amid Near-Recession Conditions - The Hollywood Reporter
Summary: Despite a tough consumer market throughout the year, the privately owned media group combining OK Magazine, Express Newspapers and U.K. terrestrial network Channel 5 will unveil an increase in revenue across the business of 167 million to 852 million when it publishes its trading statement later this week. Desmond, who acquired the channel from pan-European media group RTL in July 2010 for 161 million, according to the filing, restructured the business comprehensively, taking out significant overheads, including virtually an entire layer of senior management. - hollywoodreporter.com
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