
Channel 5 boss Richard Desmond is hoping that a £10 million fee will lure Katie Price out of her newly signed £3 million contract with Living TV.
Price signed with Living from ITV2 however Desmond is keen to relaunch Channel 5 "with a bang" and hopes that Price will help to do so.
So keen is Desmond that he wants to buy her out of her Living contract. An insider said, "Money is no object for Richard and he thinks Katie would be the perfect person to help kick start Channel Five in a new era."
Price's two year Living contract is for a new series of 'What Katie Did Next' and she is also due to appear in other shows; one about ghosts and one about horses.
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