Celeb Sheet Tycoon Hurls Hat into Express Newspapers’ Ring

20 November 2000

Richard Desmond, the publisher behind best-selling, celeb-fawning OK! magazine and other respected titles such as Asian Babes, has entered the fray of wannabe buyers of United News & Media’s Express Newspapers [WAMN: 6 & 16-Nov-00].

Desmond’s company, Northern & Shell is also said to be planning an IPO, although to what extent this is connected with his headline-grabbing bid for the Express titles is uncertain.

UN&M boss Lord Hollick has made it known that he hopes to get up to £200 million for the Daily and Sunday Express. Analysts, however, are less quixotic and predict a significantly lower figure of between £75m-£100m.

News Source: BBC Online Business News (UK)