Viacom Closes Channel 5 Acquisition, Plans First Joint Commissions

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(Sept 10, 2014) Viacom International Media Networks (VIMN) has officially completed its £450 million ($726 million) acquisition of Channel 5 from Northern & Shell, also announcing its first joint commissions between C5 and its U.K. pay-TV channels.

The deal was announced in May, but was closed this morning after receiving clearance from the European Commission.

Read more at World Screen

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