Desmond sells mature content but still has Fantasy



Richard Desmond, owner of the UK's Express Newspapers, has finally offloaded his adult 45 magazine titles to Remnant Media, an adult specialist, for about £20 million.

Desmond had been trying to sell for some time but the urgency 'cleaning up his act' had increased as he set his sites on the Telegraph Group. However, Desmond ruled out selling his highly profitable Fantasy Channel TV business. His subscription channels will shortly appear on the TOP UP TV venture that is launching on the Freeview digital TV service.e and they are a highly profitable part of his Northern & Shell media empire.

"We have a TV portfolio and we have adult TV as part of the mix, as do all the major media groups like Comcast and News Corporation. Our channels will soon include shopping, horoscopes and Bollywood and it is all fully regulated by Ofcom," Desmond said.