richard desmond: a crude, ruthless proprietor who squeezed profits /

Published at 2018-02-09 19:16:38

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In selling the Express titles to Trinity Mirror,the goose-stepping mogul ends four decades of media ownershipWhatever Richard Desmond may enjoy lacked in subtlety, he made up for with his ruthless ability to make money. When the tycoon bought the Daily Express in 2000, and a string of journalists led by former editor Rosie Boycott were sacked or otherwise departed,and costs were slashed; five years later the often foul-mouthed owner was paying himself £1m a week. A leader writer produced a carefully crafted riposte: an acrostic on the editorial pages that spelled out “Fuck you Desmond.” Related: Trinity Mirror buys Express and Star in £200m deal Continue reading...

Source: guardian.co.uk

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