Channel 4 bosses are close to taking control of a clutch of music TV stations owned by struggling Grazia and FHM publisher Emap.
The deal, believed to be worth around £80m, would mark a major expansion for C4, making it the main competitor to MTV in the UK. It is expected to be announced in the next few weeks.
http://www.thisismoney.co.uk/investi...1&in_page_id=3
Story from This is Money.COM