Richard Desmond

For the ice hockey player, see Richard Desmond (ice hockey).

Richard Desmond
Richard Desmond (left) with George Osborne in 2010
Born	Richard Clive Desmond (1951-12-08) 8 December 1951 Hampstead, London, England
Residence	Golders Green, London, England
Nationality	British
Occupation	Publisher, businessman
Years active	since 1972
Net worth	$1.76 billion
Television	Television X (1995–present) Red Hot TV (2000–present) Channel 5 (2010–2014)
Title	Owner of Northern & Shell
Term	since 1974
Spouse(s)	Joy Canfield Janet Robertson (m. 1983–2010) (divorced)
Website	northernandshell.co.uk

Richard Clive Desmond (born 8 December 1951) is an English publisher and businessman. He is the owner of Express Newspapers and founder of Northern & Shell, which publishes various celebrity magazines, such as OK! and New!, and British national newspapers Daily Star and Daily Express. Northern & Shell also owns Portland TV which, in turn, owns the adult TV channels Television X, Red Hot TV, and others.

In 2010, Desmond was ranked the equal-57th richest man in Britain according to The Sunday Times Rich List, with a net worth of £950 million. He was once again listed on the 2011 Sunday Times Rich List, with his fortune still at £950 million. In 2014, he was ranked 78th and worth £1.2 billion. In 2015 Forbes valued his fortune at close to $1.76 billion.

Early life

Desmond was born in Hampstead, London, into a Jewish family, the youngest of three children, and grew up in Edgware, in north west London. His father was descended from Latvian Jews, and his mother was of Ukrainian-Jewish descent. His father, Cyril, was at one time managing director of cinema advertising company Pearl & Dean. An ear infection caused the sudden loss of Cyril's hearing and, according to Richard, he used to take him along, when he was no more than three years old, to act as "his ears" in business meetings, where he ostensibly acquired his "first taste of business dealings". After Cyril lost a significant amount of family money to gambling, his parents divorced and 11-year-old Desmond moved with his mother, Millie, into a flat above a garage; he has described his impoverished early adolescence as a time when he was "very fat and very lonely".

Desmond was educated at Edgware Junior School and Christ's College, Finchley.

Early business career

Desmond left school at 15 and started working in the classified advertisements section of the Thomson Group, while playing the drums at gigs after a day's work. After moving to another company, he became sales director of xxx magazine at 18. Desmond owned two record shops by the time he was 21. In the mid-1970s, Desmond combined his interest in music and advertising to found, with Ray Hammond, International Musician and Recording World, a monthly magazine for musicians, eventually driving out of business long-established publications such as Beat Instrumental.

He was an early pioneer of the international licensing of magazines: International Musician soon had editions in the US, Australia, Japan, Germany as well as the UK. This was followed by the publication of Home Organist, whose editor contributed the old-school motto Forti Nihil Difficile ("Nothing is difficult for the strong" – it was Disraeli's motto), still used by the Northern & Shell publishing group. Desmond eventually bought out Hammond, who moved on to writing books as a futurologist. Desmond's interest in the adult entertainment business was growing as he took early advantage of the available profit from fixed-rate phone lines to ostensibly attractive women.

In 1982, Northern & Shell began to publish the UK edition of Penthouse, although the licensing deal ended in the 1990s. The company soon moved on to publishing a range of adult titles, including Asian Babes, alongside about 40 other specialist publications, on subjects such as green issues, bicycles, fitness, stamps, cars and cooking. It was the first company to move to the revamped Docklands and the Princess Royal opened the offices, which were cleaned temporarily of all evidence of Penthouse. When the company moved to the Northern & Shell Tower, the Duke of Edinburgh presided over the ceremonies.

Northern & Shell began publication of the celebrity OK! magazine as a monthly in 1993, later becoming a weekly in March 1996. It is the largest weekly magazine in the world, with 23 separate editions from the US to Australia to Azerbaijan and with a readership in excess of 31 million. It was originally an imitation of Hello! magazine but now outsells its rival.

Reputed dealings with the New York mafia

Details of Desmond's dealings with the New York mafia in the early 1990s emerged in a May 2001 article by John Sweeney of The Observer. Desmond had made a deal in 1991 with Norman Chanes for running advertisements in his adult titles for telephone sex lines run by Chanes mafia associate, Richard Martino of the Gambino crime family. The Village Voice newspaper asserted in February 2005 that the three men had a meeting in September 1992 at the Four Seasons hotel near Hyde Park in London at which Martino accused Desmond of charging high rates for advertisements in magazines which sold no copies. BBC News reported in 2004 that Desmond did not know the other two men were connected to organised crime, while a spokesman for Northern and Shell said in 2005 that Desmond had never met Martino or had dealings with him.

This deal reportedly left the Americans out of pocket, and an October 1992 incident in New York followed in which Desmond's then managing director, Philip Bailey, was violently and sexually assaulted as an explicit threat to Desmond himself. "If your boss sets foot here, he's a dead man", one of the attackers told Bailey according to the article in the Village Voice. Desmond hired James Brown, a convicted criminal, as his bodyguard. An associate of Brown's has claimed that bags containing £2 million were delivered to an Italian restaurant in Soho, London, to settle the issue with the Gambino crime family. Desmond has asserted that this account is false.

In February 2005, The Guardian reported that the claim Desmond had received death threats from the New York Gambino mafia family was contained in affidavits from FBI agents released during Martino's trial relating to the fraudulent use of the telephone lines. Martino pleaded guilty to the charge of trying to extort money from Desmond and Northern and Shell. Desmond has denied the whole episode; he asserted there was no evidence he knew about the fraud perpetrated by Martino.

Business career (2000–8)

In November 2000, Northern & Shell acquired Express Newspapers from United News & Media for £125 million, enlarging the group to include the Daily and Sunday Express titles, the Daily Star and Daily Star Sunday (which Desmond started), and the Irish Daily Star (owned jointly with the Irish Independent News & Media group). The Daily and Sunday Express each sell around 700,000 copies per issue. The Daily Star was the only national paper to increase sales year on year with an 18% increase from September 2008 to September 2009 and circulation figures of around 850,000, largely due to aggressive pricing policies which significantly undercut competitors such as The Sun.

After buying Express Newspapers, Desmond became embroiled in a feud with Viscount Rothermere, publisher of the Daily Mail, the rival to the Daily Express, largely derived from stories relating to Rothermere's private life.

In February 2004, in a move that some newspapers interpreted as an attempt to clear and bolster his image in view of his bid for the Daily Telegraph, Desmond sold the adult magazine business to Remnant Media for approximately £10 million.

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, (with which he was a joint venture partner in the West Ferry newspaper printing plant) then considering accepting a takeover by the German Axel Springer group, of giving in to Nazis. Desmond reportedly harangued The Daily Telegraph's chief executive and associates in faux German at a business meeting and imitated Adolf Hitler.

In August 2005, the former executive editor of the Daily Express Ted Young made an out-of-court settlement with Desmond's company ahead of an industrial tribunal. This related to an incident with Desmond in the newsroom in September 2004, during which Desmond was said to have hit the journalist. Desmond denied the claim in a witness statement.

In 2008, Northern & Shell reported a turnover of £483.9 million.

Libel case

Litigation began at the High Court on 6 July 2009 over claims in journalist Tom Bower's joint biography of Conrad Black and Barbara Amiel, Conrad and Lady Black: Dancing on the Edge, that Desmond had made a "humiliating climbdown" over an Express story at the end of 2002 on the state of Lord 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 by Desmond. Bower denied libel on the grounds of the story being "substantially true". The following day, the presiding judge The Hon. Mr Justice Eady, discharged the jury as "fundamental" evidence and legal submissions had emerged. The new jury later found in favour of Bower.

A biography of Desmond, Rough Trader, was written by Bower and printed in 2006, but still awaits publication.

Developments since 2010

On 23 July 2010, Desmond bought the UK terrestrial-television channel Channel 5, which was losing money, from the German group RTL, for £103.5million. "Never before", wrote Tom Bower in The Guardian at the time, "has a government regulator (Ofcom) lowered the threshold for the suitability of the prospective owner of a TV channel enough for someone like Desmond to control a potentially lucrative franchise."

The new owner immediately proceeded to cut costs, starting with the dismissal of seven of Channel 5's nine directors, beginning a drive to eliminate "£20m of yearly expenses". The stated plan included the dismissal of up to 80 of the network's 300 employees. He sold Channel 5 to Viacom for a reported £450m in May 2014.

By December 2010, the privately owned publishing venture employed more than 2,000 people internationally, according to Desmond.

Charity work and political activity

In 2003, Desmond and Roger Daltrey formed the RD Crusaders, a rock group featuring Desmond on drums, 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 line-up occasionally includes 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, an active supporter of children's charities, became president of Norwood in 2006. He also ensured the attachment of his name to a children's centre at Moorfields Eye Hospital, by contributing £2.5m to the £15m project. The centre is the world's largest specialist paediatric eye clinic, a centre treating more than 25,000 children a year. The centre was officially inaugurated in 2007 by Queen Elizabeth II.

In December 2014, during the run up the 2015 UK General Election, Desmond was reported to have agreed to donate £300,000 to the UK Independence Party. There was speculation at the time that a further donation could follow, and in April 2015 it was announced that he had given an additional £1 million to the party.

Personal life

Desmond and Janet Robertson were married for 27 years; the couple have a son, Robert. In October 2010, Janet filed for divorce on the grounds of his "unreasonable behaviour" and was granted a decree nisi from the court.

Desmond then married Joy Canfield. The couple had their first child, daughter Angel Millie, in early 2011.

Desmond's autobiography, The Real Deal: The Autobiography of Britain's Most Controversial Media Mogul, was published in June 2015 by Random House. The book was ghostwritten by the editor of the Sunday Express, Martin Townsend, and received a five-star review in the Desmond-owned Daily Express.

External links

• Richard Desmond on Twitter
• Northern & Shell company website
• Richard Desmond collected news and commentary at The Guardian