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
Meagan Kashty is an associate editor of realscreen, an international print and online magazine that covers the non-fiction film and television industries. Meagan is an award-winning business journalist. Prior to joining the realscreen team, Meagan was online editor of Canadian Grocer, named Magazine of the Year at the 2015 Canadian Business Media Awards. She can be reached at mkashty@brunico.com, and you can follow her on Twitter @MegKashty

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