Viacom buys UK’s Channel 5 for £450 million
Viacom has acquired UK terrestrial broadcaster Channel 5 for £450 million (€548 million), in a deal the US entertainment giant said will accelerate its strategy in “one of the world’s most important and valuable media markets.” Confirming the deal today, Viacom said that free-to-air Channel 5 will complement Viacom’s existing pay TV networks and “enhance […]