By John Glenday

Channel 5 owner Richard Desmond has set a deadline of 27 February for interested parties to mount a bid for the terrestrial television station.

BSkyB, BT and ITV are all thought to be considering a bid as they weigh up options for bolstering their reach, with all eyes on BT and BSkyB in particular to see how the pair will fare in the latest round of their pay TV battle.

They are likely to face stiff competition from US firms Time Warner, Viacom, Discovery and Scripps, all of whom are keen to weigh in.

Desmond has set a target price tag of £700m Read full story ›

Source: The Drum