BT exec: “count us out” of Channel 5 sale

Richard Desmond: looking to sell Channel 5

Richard Desmond: looking to sell Channel 5

A senior BT executive has questioned the strategic value and price tag for Richard Desmond’s Channel 5, effectively ruling out the telecoms giant as a serious bidder for the broadcaster.

John Petter ,the head of BT’s consumer arm,  questioned the £700 million price tag for Channel 5. Speaking at an Advertising Week Europe session yesterday, said he could not directly comment on speculation about BT’s participation in the Channel 5 bidding process.

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