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Read this: Discovery withdraws bid for Channel 5 - Media -

Summary: US factual broadcaster Discovery made a bid earlier this week in the second round of the acquisition process, but in the latest twist in the long-running Channel 5 sale saga has now dropped out of the running, MediaGuardian understands. According to sources Discovery's offer was thought to be in the region of 250m to 300m, and was made in association with BSkyB. However, it is thought that BSkyB's involvement was limited to handling Channel 5's advertising sales on behalf of Discovery, rather than taking an equity stake in the free-to-air broadcaster. - link

Discovery withdraws bid for Channel 5 - …

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