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Read this: RTL slashes Fives value by half and eyes merger with Channel 4 |Media |The Guardian

Summary: The owner of Five, RTL, yesterday slashed the value of the television company by more than half, blaming conditions in the advertising market. Gerhard Zeiler, RTL's chief executive, added that the worsening environment in the UK was forcing companies to consider consolidation. Five made a loss before financial and restructuring charges of 2m, compared with a profit in 2007 of 10m. - guardian.co.uk

Read full article: www.guardian.co.uk link icon  RTL slashes Fives value by half and eyes…



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