Owner of the Daily Express, Richard Desmond, has sold his adult television channels.
In a six figure management buyout deal, Richard Desmond has sold his adult television channels.
As a result of this sale, Richard Desmond has now severed all ties with the adult entertainment business.
Northern & Shell, Desmond's parent company, has now moved completely out of the television business as a result of the deal.
Northern & Shell also sold Channel 5 to Viacom in 2014, for £463M.
Desmond's adult television channels included Television X, Red Hot, and three other channels broadcast on Sky, Virgin Media, and Freeview.
Keep in touch
Get our free weekly retail newsstand report
Enter your email below for our free weekly retail newsstand report, InterMedia updates and relevant industry news. You can easily unsubscribe at any time. Click here for our privacy policy.
We love cookies
This website uses cookies based on your browsing activity. By continuing
to use this website you consent to our Privacy Policy and Cookies Policy.