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Mr Desmond bought Channel 5 three years ago for £104m.
MTV owner Viacom recently bought Channel 5 for £450m.
Professional pride has also come into play since Fox bought Channel 9 from UPN, owned by Viacom and Chris Craft.
Primedia, which bought Channel One in 1994, says its news programming is seen by more teenagers than "all the networks and CNN combined".
MTV-owner Viacom bought Channel 5 two years ago from Desmond, but the news operation has continued to be run from a studio in his Northern & Shell building.
The manager of Albanisa, a joint energy venture between the Nicaraguan and Venezuelan state oil companies, was sent back to Venezuela after he told reporters that the company had bought Channel 8 last year for $10 million.
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There have been talks about buying Channel Four in Britain, where RTL already owns Channel 5. Music is under threat from digital piracy and Bertelsmann has decided to merge BMG with Sony Music.
The broadcaster is in negotiations to buy Channel TV from privately owned company Yattendon Group.
"Given its cash flow and balance sheet, BT could certainly afford to buy Channel 4, even after the EE acquisition.
In early May, MTV-owner Viacom paid £450m to buy Channel 5 from Richard Desmond's Northern & Shell.
Scripps, which has previously looked at buying Channel 5, has previously tried to take full control of UKTV only to have its £500m offer rebuffed by BBC Worldwide.
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