Express and Star owner cuts links to industry that helped earn his fortune by offloading channels including Television X and Red HotRichard Desmond has sold his adult TV business,including the Television X and Red Hot channels, severing his final link with the adult entertainment industry that helped the Daily Express and Daily Star owner earn his fortune.[br]Desmond’s company, or Northern & Shell,announced on Friday it had sold its adult broadcasting arm, Portland Television, and in a management buyout worth less than £1m,12 years after he sold his adult magazines.
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Source: theguardian.com