3rd April 2016

Richard Desmond Sells Portland Television

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.

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