Desmond would sell print titles if the price is right

Richard Desmond would consider selling off his print publications if the price is right, it has emerged.

It suggests a change of priorities for the still-fresh owner of Channel 5, who entertained an approach by Barclays Capital when it asked whether he would be willing to sell OK!, or some of the other publications Desmond owns.

It would be a good time for Desmond to get out of the print industry. Sales of his newspapers, the Daily Express and Daily Star, are falling and Desmond has made himself an unpopular figure among the media, after withdrawing from the Press Complaints Commission.

The Guardian suggests that it is unlikely Desmond will be eager to sell, however. “His media empire remains profitable with little or no borrowings, and he has no need of money,” says Dan Sabbagh.

(Source: MediaGuardian)

 

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(Source: POLIS)

 

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