General News

Richard Desmond sells adult TV channels

Express and Star owner cuts links to industry that helped make his fortune by offloading channels including Television X and Red Hot

Published Mon 4th Apr 2016
By itsAdult / General News

Richard Desmond sells  adult TV channels

Express and Star owner cuts links to industry that helped make his fortune by offloading channels including Television X and Red Hot

Richard Desmond has sold his adult TV business, including the Television X and Red Hot channels, severing his last link with the adult entertainment industry that helped the Daily Express and Daily Star owner make his fortune.

Desmond’s company, Northern & Shell, announced on Friday it had sold its adult broadcasting arm, Portland Television, in a management buyout worth less than £1m, 12 years after he sold his adult magazines.

The deal also marks Desmond’s complete exit from the UK television industry following the sale of Channel 5 to Viacom for £463m in 2014.

Portland – a five-strong stable of two subscription channels, Television X and TV XXX, and three pay-per-night channels, including Viewers’ Wives and Red Hot – contributed less than 2% of Northern & Shell’s group revenues over the last three years.

Desmond sold his adult magazine titles including Asian Babes and Big Ones for around £20m in 2004.

Today’s deal was signed off between Northern & Shell and Portland TV’s current managing director, Chris Ratcliff, in what was described as a “six-figure deal”.

Northern & Shell also includes OK! magazine and is home to Desmond’s Health Lottery.

Desmond and his top executives enjoyed a £100m bonanza following the sale of Channel 5, with an almost tenfold increase in pre-tax profits to more than £330m in 2014.

Ratcliff, who has worked in the regulated adult sector for over 20 years, was involved in the launch of Portland TV’s Television X in 1995. He rejoined the company eight years ago and has been its managing director since 2013.

Based in London’s Docklands, Portland TV also operates two on-demand online services, televisionx.com and redhothard.com. Its channels are available on Sky, Freeview and Virgin Media.

Portland TV had other assets including broadcasting facilities but these were sold off with Channel 5.

Source: The Guardian

You May Like

Hardcore Guaranteed Now On Amazon Prime
General News / Wed 5th Jun 2019 Hardcore Guaranteed Now On Amazon Prime Hardcore Guaranteed is a documentary telling the untold story of UK porn pioneer Mike Freemans battle producing porn during the swinging 60s amidst police corruption and gangsters which would eventually lead to murder and the beginnings of the porn industry throughout the 80s and 90s
US Demands Social Media Details From Visa Applicants
General News / Mon 3rd Jun 2019 US Demands Social Media Details From Visa Applicants US demands visa applicants to submit their social media and emails from the past 5 years
Age Pass From AV Secure Seeks Testers
General News / Wed 22nd May 2019 Age Pass From AV Secure Seeks Testers Age verification is about to launch on June 15th and Age Pass from AV Secure is looking for candidates to help them test drive their service before launch
UKAP Awards 2019 Cancelled
General News / Tue 14th May 2019 UKAP Awards 2019 Cancelled The UKAP Awards 2019 is cancelled
Cocos Law: Online Legislation To Take Late Dubliners Name
General News / Fri 3rd May 2019 Cocos Law: Online Legislation To Take Late Dubliners Name Legislation for online bullying , stalking and revenge porn to take on the name of the Dubliner who took her own life because of cyber bullying
Harmony Films announces  New Release Kiki Neighbours
General News / Thu 18th Apr 2019 Harmony Films announces New Release Kiki Neighbours Harmony films latest DVD release Kiki Neighbours showcases Kiki Minaj, Tina Kay and Jasmine Jae among someof the talents featured o their latest release
Age Verification Of Online Porn Begins July 15th
General News / Thu 18th Apr 2019 Age Verification Of Online Porn Begins July 15th The UK government has set a date for age verification to begin on July 15th
Dusk Films Launches Nerd Pervert Merchandise
General News / Wed 10th Apr 2019 Dusk Films Launches Nerd Pervert Merchandise UK Northern based Adult Production company Dusk Films has just launched a merchandise store for its brand Nerd Pervert.
UK Content Creators Vote In Favour Of 28 Day Tests
General News / Fri 29th Mar 2019 UK Content Creators Vote In Favour Of 28 Day Tests UK producers, performers and clinics met up in London for the UKAP Meet & Mix to discuss various issues and voted in favour of 28 day testing
Mums Make Porn To Air  On March 20th
General News / Sun 10th Mar 2019 Mums Make Porn To Air On March 20th Mums Make Porn is a new show coming to Channel 4 that follows 4 real mums who make a porn film, cast it, direct it and produce it to make the kind of porn they would prefer their children see if they had to watch it. The series follows them through the UK adult business to the UKAP Awards 2018 to the screening of their movie in Londons West End
UKAP Meet and Mix Day Of Events 26th March
General News / Thu 7th Mar 2019 UKAP Meet and Mix Day Of Events 26th March UKAP Meet and Mix Day of events at Sanctum, Soho on Tuesday March 26th
Europe Extends Production Hold Until March 25th
General News / Thu 7th Mar 2019 Europe Extends Production Hold Until March 25th European Alliance extends production shutdown pending results of second test of first gen performers to HIV+ performer
Super Marios Anal Away Days Launches On RealSexPass Network
General News / Thu 21st Feb 2019 Super Marios Anal Away Days Launches On RealSexPass Network Retro fan favorite Super Marios Anal Away Days launches with a new site
UKAP Advisory On HIV Production Shut Down In Europe
General News / Mon 18th Feb 2019 UKAP Advisory On HIV Production Shut Down In Europe UKAP issue advice on the HIV production shut down in Europe
The Death Of Aimee Spencer To Air On ITV
General News / Thu 7th Feb 2019 The Death Of Aimee Spencer To Air On ITV Aimee Spencer was known by the name of Carla Mai to those in the adult business that knew her. ITV have commissioned a show that looks into the events surrounding her death in 2016 with new evidence
Come Curious Celebrate All Things Sex With New Podcast
General News / Mon 4th Feb 2019 Come Curious Celebrate All Things Sex With New Podcast Florence and Reed aka The Come Curious Girls have a new podcast show discussing all things sex
Porn Actor Who Filmed Himself On Tube Train Fined £1000
General News / Mon 4th Feb 2019 Porn Actor Who Filmed Himself On Tube Train Fined £1000 Man filming porn on the London Underground with two other men is found guilty and fined £1000
Lacey Starr Launches New Site With ARLCash
General News / Fri 1st Feb 2019 Lacey Starr Launches New Site With ARLCash Award winning GILF Lacey Starr launches new site with US based ARLCash
Agents Of Porn Announce New Recruits To Their Launch Roster
General News / Thu 31st Jan 2019 Agents Of Porn Announce New Recruits To Their Launch Roster Agents Of Porn announces their new site launches
UK Revises Obscenity Laws to Allow Previously Banned Sexual Acts
General News / Thu 31st Jan 2019 UK Revises Obscenity Laws to Allow Previously Banned Sexual Acts UK revises law legalising previously banned sexual acts as legal to distribute
TELEVISION X LAUNCHES BARE KNUCKLE BOXING ON PAY-PER-VIEW
General News / Tue 22nd Jan 2019 TELEVISION X LAUNCHES BARE KNUCKLE BOXING ON PAY-PER-VIEW Leading UK adult TV channel Television X has joined forces with BKB – the only legal bare-knuckle boxing company in the world – to showcase an exclusive combat sports event.
Syphillis Alert: European Studios Shut Down Productions
General News / Tue 15th Jan 2019 Syphillis Alert: European Studios Shut Down Productions Syphillis alert prompts studios in Europe to shut down
Harmony Films Release: "Insatiable Beauties"
General News / Sat 22nd Dec 2018 Harmony Films Release: "Insatiable Beauties" Leading UK studio Harmony Films introduce new director Gilberto with "Insatiable Beauties" featuring award winning Tina Kay and Barbie Sins
Tumblr Ban Is A Sign Of Things To Come
General News / Sat 8th Dec 2018 Tumblr Ban Is A Sign Of Things To Come Whats worse than losing your social media profile? Not getting paid the money you are owed and losing all your content and followers. The Tumblr ban on porn is a reminder to not be too comfortable with social media and clip sites who are stepping up their purges on the adult industry
DVD Release: The Corruption Of Catalia Valentine
General News / Wed 5th Dec 2018 DVD Release: The Corruption Of Catalia Valentine New Brit porn release starring reknowned UK adult performer and fan favourite Catalia Valentine
Harmony Films Release Lady Dee: Sex Addict
General News / Fri 16th Nov 2018 Harmony Films Release Lady Dee: Sex Addict Harmony Films release new title in the Sex Addict series featuring Lady Dee
UK Porn Party announce the launch of Black and White Gangbangers
General News / Thu 8th Nov 2018 UK Porn Party announce the launch of Black and White Gangbangers UK Porn Party announce the launch of their latest DVD title, 'Black and White Gangbangers', now on general release.
UKAP To Address Its Position On Abuse Issues Within The Industry
General News / Sun 4th Nov 2018 UKAP To Address Its Position On Abuse Issues Within The Industry General meeting for the adult industry to discuss topics and contribute to changes moving forward. If you have anything to say then this is the place to say it. Open to all levels of adult industry but you must inform by email to attend
The UKAP Annual General Meeting Thursday November 8th
General News / Thu 25th Oct 2018 The UKAP Annual General Meeting Thursday November 8th The UKAP AGM is open to all adult industry to attend and discuss issues relating to the adult business with those who work in the adult business
BBFC To Publish Notifications Of Sites In Breach Of Age Verification
General News / Wed 17th Oct 2018 BBFC To Publish Notifications Of Sites In Breach Of Age Verification With the BBFC now receiving the guidance to take us forward we can expect age verification to begin within the first 3 months of 2019

Sign up to itsAdult as a Business or Performer to create your profile and join our ever growing community of adult industry professionals.

Forgotten your login details? Click Here

Enter your email address below

Remembered login details? Click Here