Newspaper and magazine proprietor Richard Desmond has bought TV channel Five, it was announced.
The owner of the Daily Express and OK! magazine is paying £103.5 million to European entertainment network RTL for its 100% shareholding in Five, RTL said.
It has been reported that Mr Desmond, who is said to be worth £950 million, will transform the station's schedule with more reality and celebrity material.
This might include a revival of Big Brother, which is in its final series on Channel 4. The Times newspaper said Mr Desmond had had direct discussions with Endemol, the owner of the programme, about broadcasting it next year.
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