By John McCarthy

Viacom International Media Networks (VIMN) on Wednesday confirmed it has completed its £450m takeover of UK broadcaster Channel 5 – after several months of waiting for clearance from the European Commission.

As a result of the merger, the American media giant will now have a firm foothold in the UK market to air its content. Additionally, VIMN also announced a series of joint commissions between Channel 5 and UK pay TV channels.

On the children’s TV front, Nickelodeon will be joining forces with Channel 5’s pre-school slot Milkshake to develop an exclusive animated series called ‘Nella the Knight’ which will be funded Read full story ›

Source: The Drum