Additional Information


Content

Desmond studies flotation of adult broadcasting business

LONDON - Richard Desmond, the owner of Express Newspapers, is mulling a potential initial public offering of his Portland operation, which among other things houses his adult television stations including Television X and RedHot.

Share this article

The Financial Times claims that Desmond is examining the option in addition to lining up Sir Angus Grossart, a former vice-chairman of Royal Bank of Scotland, to be chairman of Portland.

As well as Television X, Desmond's advertising, music video and adult production business also owns 25 channels on cable and satellite TV including Red Hot.

Desmond used to own a stable of pornographic magazines, including Asian Babes and Skinny and Wriggly. He sold them to Remnant Media in 2004.

 

 

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Additional Information

Latest jobs Jobs web feed

FROM THE BLOGS

The Wall blogs

Back to top ^