It’s very rare to see a real live media magnate skewered in public but that’s what happened yesterday to Express Newspapers (and Channel 5) owner Richard Desmond yesterday at the Leveson Inquiry into media ethics in the UK. Desmond even tells the Inquiry’s probing lead counsel Robert Jay that he doesn’t understand what the word [...]
Richard Desmond, owner of the Express newspaper titles and now Channel 5 in the UK, has sold the loss-making American version of his OK celebrity magazine to National Enquirer publisher American Media Inc. (AMI) for a reported $10-15m. AMI, which came out of bankruptcy last year, also owns the celeb gossip Star magazine and a [...]
Not so long ago Richard Desmond, owner of Express Newspapers, OK magazine, numerous digital porn channels and, recently, Channel 5 was boasting that he had so much money that he wanted to buy the Sun from Rupert Murdoch’s News Corporation for £1bn. Now, it transpires, Desmond’s Northern and Shell empire has tripled its profits – [...]
Recent Comments