Advanced Television

Channel 5 IPO?

March 17, 2014

fiveRichard Desmond is said to be considering a stock market listing of commercial broadcaster Channel 5. He is working with Goldman Sachs on the possible flotation, according to Sky News, who adds that the bank had taken the idea of listing Channel 5 to Desmond in recent weeks.

Reports in January said Desmond had hired Barclays to look for buyers for the television network and was expecting to raise about £700 million pounds (€824m) through the sale. It seems he may have been disappointed by forthcoming trade offers from candidates said to include Discovery Communications, Scripps Networks , Viacom and BSkyB.

Categories: Articles, Broadcast, Business, FTA, IPO