U.K. Media Tycoon Said Close to Deal for Channel 5

Richard Desmond, the British newspaper baron, has shaken hands early Friday morning on a £100 million ($154 million) deal to buy struggling U.K. national broadcaster, Channel Five, from owner RTL, The Guardian reported. The deal still has to be formally accepted by the board of RTL’s parent company, Bertelsmann. However, The Guardian said the deal [...]

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