Richard Desmond

From Wikipedia, the free encyclopedia

The neutrality of this article is disputed. Please see the discussion on the talk page. Please do not remove this message until the dispute is resolved. (May 2008)

Richard Clive Desmond (born 8 December 1951) is an English publisher. He is the current owner of Express Newspapers and founder of Northern and Shell, which publishes various celebrity magazines: OK!, New! and Star (in the UK). He also owns a television production company Portland TV which broadcasts Fantasy Channel and Red Hot TV and others.

In 2009 he was ranked the 35th equal richest man in Britain according to the Sunday Times Rich List^[1], with his net worth £950 million.

Contents 1 Personal life 2 Publishing career 3 Charitable work 4 Libel case 5 See also 6 References

[edit] Personal life

Desmond grew up in north London and left school at 14, due to poor academic performance. His first job was for Thomson Newspapers, working in classified advertisements. He moved to another company, and by 21 owned two record shops. He acquired an interest in publishing, recognising the pecuniary benefit, and in 1974 published a magazine called International Musician and Recording World. Since then Desmond has built the privately-owned group into Britain's leading independent publishing business, with annual revenues close to £500m and over 2,000 people in its offices in London, Broughton, Glasgow, New York, and Los Angeles, plus the offices of 50% joint venture partnerships in Sydney and Hamburg.

He is a prominent philanthropist and in 2006 was appointed head of Norwood, helping children in need. Desmond currently lives in North London. He has been married for over 35 years and has one son.

[edit] Publishing career

Desmond launched Northern & Shell in 1974, initially focusing on music magazines, but has since developed into all main sectors of specialist and consumer publishing, radio, book publishing, television and new media. It was the first company to move to the revamped Docklands and the Princess Royal opened the offices. When the company moved to the Northern & Shell Tower Prince Philip did the honours.

In 2000 Northern & Shell acquired Express Newspapers from United News & Media for £125m,^[2] enlarging the group to include the Daily and Sunday Express titles, the Daily Star and Daily Star Sunday, and the Irish Star (owned jointly with the Irish Independent group). The Daily and Sunday Express each sell around 800,000 copies per issue.

Northern & Shell also publishes a wide range of magazines including the celebrity weekly, OK!, started in 1993, which is the largest weekly magazine in the world with over 23 separate editions from the US to Australia to Azerbaijan with a readership in excess of 31 million. It also owns Portland Television Ltd, a production company.

After buying Express Newspapers, Desmond became embroiled in a feud with Viscount Rothermere, publisher of the Daily Mail, the rival of the Daily Express, largely derived from stories relating to Rothermere's private life. The Daily Mail ran articles describing Desmond as a pornographer and Private Eye christened him 'Dirty Desmond'. Mail editor Paul Dacre, commented in the British Journalism Review (2002):

“

Richard Desmond is an appalling man. He is bad for British journalism. He’s bad for public life and he’s bad for civilized standards. For Tony and Cherie Blair to court him so assiduously speaks volumes for their moral elasticity. As long as I’ve got energy in my body, I’m going to devote everything to try to see him off.[3]

”

In April 2004, the Daily Express reverted to supporting the Conservatives, after a period backing Labour. On the same day Desmond accused the Daily Telegraph, then considering accepting a takeover by the German Axel Springer group, of giving in to Nazis.^[4] Desmond reportedly harangued The Daily Telegraph's chief executive and associates in faux German at a business meeting and imitated Adolf Hitler, before erupting in a tirade of four-letter words.^[4]

In 2005, The Guardian newspaper reported that Desmond became unwittingly caught up in a pornographic telephone and internet scam which lead to him receiving death threats from the New York Gambino mafia family, according to documents released during a court case.^[5]

[edit] Charitable work

Desmond is a passionate supporter of children’s charities, and he became President of the Norwood Charity in 2006. In 2003 Desmond and Roger Daltrey created the RD Crusaders, a super group featuring Desmond on drums, in order to raise money for charitable causes. Since its inception the group has raised around £14 million via a series of fundraising concerts for charities including Marie Curie, The Teenage Cancer Trust, Norwood Child Care and the Evelina Children’s Hospital. As well as Daltrey and Desmond, the lineup has also included Robert Plant, Lulu, Steve Harley, guitarists Russ Ballard (of Argent) and Rick Wills (of Foreigner and Bad Company), keyboardist Steve Smith and organist Zoot Money.

Desmond also helped build the Richard Desmond Children’s Eye Centre part of Moorfields Eye Hospital, which is the world’s largest specialist paediatric eye clinic, treating over 25,000 children a year. The building was opened in 2007 by HM The Queen.

[edit] Libel case

Litigation began at the High Court on 6 July 2009 over claims in journalist Tom Bower's biography Conrad and Lady Black: Dancing on the Edge that Desmond had made a "humiliating climbdown" over an Express story at the end of 2002 which was on the state of Black's finances, which it was alleged Desmond had ordered to be written. This claim of a weakening of Desmond's "super-tough" reputation as a businessman was viewed as defamation. Bower denies libel on the grounds of the story being "substantially true".^[6] The following day, the presiding judge The Hon. Mr Justice Eady, discharged the jury as "fundamental" evidence and legal submissions had emerged.^[7] The case is planned to resume with a new jury on 13 July 2009.

[edit] See also

• The RD Crusaders

[edit] References