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Read this: DTG :: News :: Viacom positioned to finalise C5 deal

Summary: The acquisition was started in May of this year and will be complete by 20 September according to reports. Channel 5 will be bought by Viacom for an estimated 450m after the company has agreed to honour the channel's commitment to 600 hour of original British children's programming each year which was a condition of the broadcaster's licence renewal last year. A source within the Department for Culture Media and Sport suggested that Viacom had raised 'one or to issues' surrounding the production of this content, all of which have been ironed out. - link

DTG :: News :: Viacom positioned to fina…

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