TV

RTL to sell UK’s Channel Five: report

The Daily Telegraph has reported that RTL Group has plans to sell off Channel Five.
May 26, 2010

The Daily Telegraph has reported that RTL Group has plans to sell off Channel Five. The paper says that RTL has established a team of advisers to prepare a ‘tender process’ for the British TV channel, and named fellow UK broadcasters ITV, Channel 4 and BskyB as potential bidders. The Telegraph report also names superindie Endemol as a possible buyer as well as Warner Bros in the U.S. In March of last year, Thomas Rabe, CFO of RTL’s parent company Bertelsmann told The Financial Times, ‘We don’t think Five in its current form is sustainable and that a transformation of the business or consolidation is necessary.’

About The Author
Selina Chignall joins the realscreen team as a staff writer. Prior to working with rs, she covered lobbying activity at Hill Times Publishing. She also spent a year covering the Hill as a journalist with iPolitics. Her beat focused on youth, education, democratic reform, innovation and infrastructure. She holds a Master of Arts in Journalism from Western University and a Honours Bachelor of Arts from the University of Toronto.

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