U.S. companies bid for U.K.'s Channel 5

|By:, SA News Editor

Viacom (VIA), Discovery Communications (DISCA) and Scripps Networks (SNI) have bid for U.K. TV broadcaster Channel 5, the FT reports.

Saban Capital, the media-focused private equity group, has also made an offer.

The value of the proposals couldn't be obtained, but Channel 5 owner Richard Desmond is seeking £700M ($1.17B).

It wasn't clear if BSkyB (BSYBF) was part of the Discovery bid after an earlier FT report linked the companies for a Channel 5 offer.