Viacom chief says broadcaster is set for on-screen overhaul following £450m takeover and voices concern over BBC’s plans for music networkThe chief executive of Channel 5 owner Viacom said the broadcaster would be given a double-digit budget increase in the year ahead with plans to increase its news programming and an overhaul of its on-screen brand.
Philippe Dauman said last year’s purchase of Channel 5 from Richard Desmond for £450m was a “enormous leap forward” for the international ambitions of the MTV and Nickelodeon parent company.
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Source: theguardian.com