UK free-to-air broadcaster Five is about to be officially put on sale according to UK press reports. These suggest that Fives owner, pan-European broadcast group RTL, has a team working on a tender process.
The story originated in the UK newspaper The Daily Telegraph, which added that the roster of potential bidders includes fellow UK free-to-air and pay broadcasters ITV, Channel 4 and BSkyB as well as one of the US studios or production and distribution giant Endemol.
RTL management have spoken publicly about a possible merger of Five with Channel 4, but not about selling the channel. Along with digital spin-off Fiver, the channel suffered badly during the economic downturn with advertising revenues sharply down.
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