Stephen Glover

We may snigger at Richard Desmond, but we should not underestimate him

We may snigger at Richard Desmond, but we should not underestimate him

issue 02 August 2003

Is Richard Desmond the new Murdoch? Many lips were curled when he acquired Express Newspapers in November 2000. People said that he had borrowed too much money. It was suggested that as a man whose fortune was built on pornography he knew next to nothing about running national newspapers. In some quarters he was dismissed as a foul-mouthed vulgarian who would be unable to halt the long decline of the Daily and Sunday Express.

Nearly three years later Mr Desmond is taken more seriously. Largely as a result of ferocious cost-cutting, he has increased the profits of Express Newspapers, last year pocketing nearly £21 million for himself. The Daily Express has been stabilised, and is even selling a few more copies. By upping its quotient of tit ‘n’ bum, the Daily Star has added more than 15 per cent to its circulation over the past year. The owner of Big Ones and Asian Babes has become a frequent visitor to No.

Comments

Join the debate for just $5 for 3 months

Be part of the conversation with other Spectator readers by getting your first three months for $5.

Already a subscriber? Log in