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
Daniele Alcinii is a news reporter at realscreen, the leading international publisher of non-fiction film and television industry news and content. He joins the rs team with journalism experience following a stint out west with Sun Media in Edmonton's Capital Region, and communications work in Melbourne, Australia and Toronto. You can follow him on Twitter at @danielealcinii.

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