01/05/2014
Viacom To Buy Channel 5
Viacom is to buy Channel 5, it has been confirmed.
The US media group is understood to have acquired the UK channel for £450m from the Northern & Shell group.
In a statement, Viacom said the move would "accelerate" its strategy within the UK, and called Channel 5 as "one of British television's biggest brands".
Philippe Dauman, Viacom President and Chief Executive, said: "Channel 5's momentum is indisputable, with impactful programming, increasing popularity and a growing digital platform.
"Channel 5's management and employees have done an outstanding job building their brand and we are pleased to welcome them to our team."
Channel 5's Chief Operating Officer, Paul Dunthorne, added: "The combination of Channel 5 with Viacom's global resources, technology and expertise adds further to the momentum of the business and offers numerous exciting opportunities for the channel's future."
Channel 5 was first launched in March 1997. It was the UK's fifth terrestrial television channel.
(JP/MH)
The US media group is understood to have acquired the UK channel for £450m from the Northern & Shell group.
In a statement, Viacom said the move would "accelerate" its strategy within the UK, and called Channel 5 as "one of British television's biggest brands".
Philippe Dauman, Viacom President and Chief Executive, said: "Channel 5's momentum is indisputable, with impactful programming, increasing popularity and a growing digital platform.
"Channel 5's management and employees have done an outstanding job building their brand and we are pleased to welcome them to our team."
Channel 5's Chief Operating Officer, Paul Dunthorne, added: "The combination of Channel 5 with Viacom's global resources, technology and expertise adds further to the momentum of the business and offers numerous exciting opportunities for the channel's future."
Channel 5 was first launched in March 1997. It was the UK's fifth terrestrial television channel.
(JP/MH)
Related UK National News Stories
Click here for the latest headlines.
10 August 2009
Met Officer Dies In Diving Accident
A Metropolitan Police officer has died while diving in the English Channel, according to emergency services. The 57-year-old officer was one of two men who were airlifted to Worthing hospital after getting into difficulties while on a diving expedition off the Sussex coast on Saturday afternoon.
Met Officer Dies In Diving Accident
A Metropolitan Police officer has died while diving in the English Channel, according to emergency services. The 57-year-old officer was one of two men who were airlifted to Worthing hospital after getting into difficulties while on a diving expedition off the Sussex coast on Saturday afternoon.
23 November 2004
Shopping channel Auctionworld shuts doors
Shopping channel Auctionworld was placed in the hands of the receivers today, owing millions of pounds to creditors.
Shopping channel Auctionworld shuts doors
Shopping channel Auctionworld was placed in the hands of the receivers today, owing millions of pounds to creditors.
09 November 2011
Gov To Close Channel Isles VAT Dodge
The Government has announced that a VAT loophole used by mail order retailers operating in the Channel Islands will be closed from April next year. The Low Value Consignment Relief (LVCR), which was used by online merchants such as Play.com to undercut its competitors, will no longer apply to goods sent to the UK from the Channel Islands.
Gov To Close Channel Isles VAT Dodge
The Government has announced that a VAT loophole used by mail order retailers operating in the Channel Islands will be closed from April next year. The Low Value Consignment Relief (LVCR), which was used by online merchants such as Play.com to undercut its competitors, will no longer apply to goods sent to the UK from the Channel Islands.
02 February 2004
UK border control crosses channel to Calais
UK immigration controls have moved from Dover to Calais today as the result of a deal agreed last year between the UK and French governments to cut illegal immigration to the UK.
UK border control crosses channel to Calais
UK immigration controls have moved from Dover to Calais today as the result of a deal agreed last year between the UK and French governments to cut illegal immigration to the UK.
23 September 2014
AG Barr Sign 10-Year Snapple Deal
AG Barr, which produces Irn Bru, has signed a 10-year deal to market, sell and distribute US soft drink Snapple in the UK and parts of Europe. The announcement came as the company also revealed its half year profits had increased by 15% to £19m.
AG Barr Sign 10-Year Snapple Deal
AG Barr, which produces Irn Bru, has signed a 10-year deal to market, sell and distribute US soft drink Snapple in the UK and parts of Europe. The announcement came as the company also revealed its half year profits had increased by 15% to £19m.
-
Northern Ireland WeatherToday:A sunny but frosty start for many. However cloud increases by midday with a few showers reaching the north coast, these mostly light but spreading inland this afternoon. Chilly. Maximum temperature 8 °C.Tonight:A rather cloudy evening with scattered showers. Becoming drier through the night with some good clear spells developing and a patchy frost away from coasts. Minimum temperature 0 °C.