“BLOODBATH” AT BRITAIN’S CHANNEL FIVE

In what Britain’s Guardian newspaper described today (Thursday) as a “bloodbath,” the British TV network Channel Five is firing more than 25 percent of its 300 employees in an effort to pare its budget by about $30 million. On Wednesday it was disclosed that one of those employees will be Dawn Airey, who has served […]

OWNERSHIP OF BRITAIN’S CHANNEL 5 RETURNS TO BRITAIN

British publisher Richard Desmond has bought Channel 5, the U.K. terrestrial television network, from Bertelsman’s Luxembourg-based RTL Group for $161 million. Desmond, who owns the London Daily Express, OK! magazine, and the Television X adult channel, is expected to encounter little opposition from regulators in completing the sale. Although Channel 5 broadcasts such hit American […]