The UK newspaper baron is apparently thinking of transforming Five into a UK version of E! Entertainment, the US channel which broadcasts a stream of celebrity news and profiles. Apart from owning the tabloid Daily Express, Richard Desmond also owns weekly OK! — a downmarket version of Spain’s ¡Hola! – which seems to come from a Bizarro alternate universe of celebrities such as former topless model Jordan and various other reality TV stars. The Five deal marks the first time a private individual has ever owned a UK public-service network.
TOLDJA! Desmond Buys Five For $160M
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