Five sold to Richard Desmond for GBP 103.5million

Five sold to "Northern and Shell" owned by Richard Desmond for GBP 103.5million
Desmond owns the Express Newspaper group.

UPdated:

RTL Group announced at shortly after 5pm that it had signed an agreement for the sale of Five Group to Desmond's Northern & Shell.

Gerhard Zeiler, the chief executive of RTL, said: "With a significant recovery of the UK TV advertising market and Five performing