Report: Viacom to land U.K.'s Channel 5


Viacom (VIA, VIAB) will purchase Channel 5 in the U.K. from Northern & Shell for a deal price as high as £450M ($759M), according to Bloomberg.

An announcement is expected later today.

Discovery Communications and British Sky Broadcasting reportedly dropped a joint bid earlier in the month.

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Comments (1)
  • DIS rocks
    , contributor
    Comments (2) | Send Message
     
    Nice!!!! some newspaper mentioned ad sales of GBP350 million, giving a sales multiple of 1.3x. Sounds like a good price.....
    1 May 2014, 08:03 AM Reply Like
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