Channel 5, the broadcaster put on the block by Richard Desmond, could be sold to Discovery Communications, the US-based media conglomerate that is controlled by John Malone.
And, according to the Financial Times, Discovery is in talks with BSkyB to join in the bid. Citing “people familiar with the matter”, the FT story says the British satellite broadcaster, controlled by Rupert Murdoch, would take over Channel 5’s advertising sales operation.
However, bids for the channel, which are due next Thursday, may not meet Desmond’s £700m valuation.
via Discovery and BSkyB may make joint bid for Richard Desmond’s Channel 5 | Media | theguardian.com.
