\n\tLONDON: Channel 5 owner Richard Desmond has appointed Barclays to advise on a possible sale.<\/p>\n
\n\tDesmond has reportedly asked advisors to look into the possible sale of the network, which could raise more than £700 million ($1.16 billion). Desmond bought the British free-to-air channel for £103.5 million ($171 million) in 2010.<\/p>\n
\n\tAmong the potential buyers cited by the Financial Times <\/em>are ITV and Turner Broadcasting.<\/p>\n \n\tAfter experiencing some losses, Channel 5 returned to operating profits in the first half of 2013, with $34.1 million.<\/p>\n \n\t"As a media group with a broad portfolio of assets we are often the subject of speculation, but it remains our policy not to comment on these matters," said Northern & Shell.<\/p>\n","protected":false},"excerpt":{"rendered":" LONDON: Channel 5 owner Richard Desmond has appointed Barclays to advise on a possible sale. Desmond has reportedly asked advisors to look into the possible sale of the network, which could raise more than £700 million ($1.16 billion). Desmond bought the British free-to-air channel for £103.5 million ($171 million) in 2010. Among the potential buyers …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[],"class_list":["post-5077","post","type-post","status-publish","format-standard","","category-top-stories"],"yoast_head":"\n