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Fewer men are buying top-shelf publications; they prefer to get their kicks in cyberspace. The brothers, who with Sullivan also own Birmingham City Football Club, have in the past admitted as much, pointing out in interviews that the magazines account for only a small part of their empire, which also includes the Ann Summers sex shop chain. Topics Business The Observer. But not sex magazines, it seems. The UK adult magazines sector, with around titles, is in the doldrums.

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The cash could help pay off the Commerzbank loan or bring more big names to the Express, which most media pundits agree needs millions in investment to turn around.

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Although the industry is notoriously secretive, it is possible to obtain credible estimates of how many copies a top-shelf title sells. There have been suggestions that Desmond may now instead be forced to give his blessing to a management buy-out, although sources suggest two companies, one based in the UK, the other in Europe are still interested in buying the titles. Given the slide in circulation figures, which makes a cull of adult titles seem likely, Desmond's attempts to quit the market make sense. Gold Star's best selling publication is Whitehouse magazine. The brothers, who with Sullivan also own Birmingham City Football Club, have in the past admitted as much, pointing out in interviews that the magazines account for only a small part of their empire, which also includes the Ann Summers sex shop chain.

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