MTV parent to buy Channel 5 for £450m
US media company Viacom – owner of MTV amongst others – is to buy for Channel 5 for £450m.
The acquisition will “accelerate” Viacom’s strategy in the UK and provide “numerous exciting opportunities for the channel's future.” Together with MTV, Viacom owns Comedy Central and Nickelodeon.
Viacom's president and chief executive, Philippe Dauman, said: "Channel 5's momentum is indisputable, with impactful programming, increasing popularity and a growing digital platform.
"Channel 5's management and employees have done an outstanding job building ...
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