Read this: BT executive: 'count us out' of Channel 5 bid - Media - theguardian.com
Summary: Richard Desmond's Channel 5 BT executive John Petter says there is 'not a lot to hang your hat on' at the channel. BT's apparent lack of appetite for the broadcaster will be a blow to Desmond, who acquired the business for just 103.5m almost four years ago. He is targeting a 700m sale price for Channel 5, 10 times its estimated profit of 70m this year. - theguardian.com
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