Bertelsmann AG ’s RTL Group SA agreed to sell its U.K. television station Channel 5 to Richard Desmond , owner of the Daily Express newspaper and Television X adult channel, for 125 million euros ($161 million) in cash.
Northern & Shell, which publishes the U.K.’s Daily Express, Daily Star, Daily Express and Sunday Express newspapers, is planning to relocate to Luton, 30 miles north of London, the Observer reported, citing council filings.
Richard Desmond, founder of the Northern & Shell Plc media group, sued a Man Group Plc hedge- fund unit for as much as 20 million pounds ($33 million), adding it to a dispute over losses on an investment he said was too complex to understand.
Richard Desmond , owner of the Daily Express and Daily Star newspapers, asked Goldman Sachs Group Inc to review his newspapers’ assets, the Sunday Times of London said, without saying where it got the information. There is no formal mandate for a sale at this stage, according to the report.
Time Warner Inc. is in talks with Richard Desmond , owner of the U.K.’s Daily Express newspaper, to acquire the American edition of OK! magazine, the Sunday Times reported, without saying where it got the information.