Wed, 26 May 2010 | BUSINESS SALE
Europe's biggest TV, radio and production company, RTL, is gearing up to invite bids for TV channel Five after months of speculation about its future.
RTL, which is mainly owned by German media giant Bertelsman, has put a team together that will prepare the sale process for the channel.
Rumours surrounding the broadcaster in the past have alluded to a possible merger or joint venture with Channel 4. In March 2009, Bertelsman chief executive Thomas Rabe said the firm's business model was "not sustainable", after being hit by the advertising downturn and increasing competition.
The broadcaster's programme schedule has suffered from numerous changes in management, which leans heavily on US shows including CSI and The Mentalist, as well as Australian import Neighbours.
Possible buyers are thought to include rival British broadcasters ITV, Channel 4, and BSkyB. Speculation has also put some US companies forward as potential new owners, such as Warner Bros or production firm Endemol.
RTL wrote down the value of its investment in Five from €503 million to €112 million after two years. The strained TV channel lost a total of £37 million in 2009.
Offering marquee hire from small to large this business services mainly the events industry, its own smaller marquee competitors and occasional work directly with individuals. They can support parties and weddings through to corporate dinners, festiv...
LEASEHOLD
This contemporary, stylish 4 star hotel has 24 comfortable and individually-designed ensuite bedrooms, a modern bar and a recently refurbished restaurant with a great vantage point and some of the best seaside views in North Wales.
This is an attractive and strategically well-located hotel in the heart of Porthmadog and a stone’s throw from the junction of the A497.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.