The Guardian is reporting that Richard Desmond is poised to announce the sale of Channel 5 to the US
broadcaster that owns MTV for as much as £450m.
The US broadcaster, which owns
channels including Nickelodeon and Comedy Central, is expected to announce the
deal to the New York stock market on Thursday or Friday at the
latest.
Viacom declined to comment. Northern & Shell, Channel 5's
parent company, said no deal had yet been concluded.
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