Feeds

Richard Desmond joins Project Canvas

Five's back in

The essential guide to IT transformation

Richard Desmond, new owner of Channel 5, has thrust the channel back into Project Canvas, the BBC-led next-generation set-top box.

Five left the project just six weeks ago, citing the expense of its £16m share of the £115m start-up costs for the Project. Since then it has new owners - Desmond's Northern and Shell paid £103 at the end of July - and a new board.

He'd be daft not to take a gamble on Canvas. Spectrum squeeze and high debts mean that Five has missed out on an HD slot on FreeView and Freesat - although it Five HD is available on Sky's platform. The interactive nature of Canvas, which includes web widgets and an app store, suits a media empire that spans a variety of popular properties.

Desmond began publishing in 1974, moving into telephone sex chat lines and jazz mags in the 1980s. He sold off the latter in 2004. More respectable titles were added to the group, including the acquisition of Daily Express and Daily Star newspapers in 2000. In the most recent annual financial statement, N&S recorded profits of £41.1m on turnover of £483m for 2008, the bulk of which was earned from UK publishing, and employed over 1,100 staff. ®

The essential guide to IT transformation

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Broadband slow and expensive? Blame Telstra says CloudFlare
Won't peer, will gouge for Internet transit
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
prev story

Whitepapers

Best practices for enterprise data
Discussing how technology providers have innovated in order to solve new challenges, creating a new framework for enterprise data.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?