Read this: Discovery on brink of Channel 5 deal - News - Broadcast
Summary: Discovery Communications and BSkyB are poised to announce a £350m deal to acquire Channel 5 from Richard Desmond’s Northern & Shell, Broadcast understands. Full details are not known, but Discovery is thought to have a 70% share of the deal with BSkyB taking the remaining 30% share, allowing it to add C5’s advertising inventory to its own sales operation. The deal will mark a significant step for US media giant Discovery, which has been keen to ramp up both its international portfolio and its exposure to free-to-air broadcasting in key markets.www.broadcastnow.co.ukDiscovery on brink of Channel 5 deal - N…
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