SMG terminates merger talks
Posted by
SMG terminates merger talks

Merger talks between UTV and SMG have been terminated. One of the reasons for the breakdown in discussions has been reported as a result of differing views over the level of SMG's pension liabilities. At the same time, Richard Findlay has been appointed as the new Chairman of SMG.

Also, former Channel 4 commercial director Rob Woodward has also been appointed as chief executive. Woodward was Commercial Director of Channel 4 and on the main board. He was CEO of 4Ventures and achieved a dramatic turnaround of legacy businesses, and built a set of successful new media and digital businesses.

SMG's new non-executive team appointed today will comprise of Richard Findlay as Non-executive Chairman, David Shearer as Senior Independent Director, Matthew Peacock as Non-executive Director and Vasa Babic as Non-executive Director.

Separately, SMG reports that the processes continue for the disposals of Primesight and Pearl & Dean.

[link=] – non-stop radio news[/link] [email protected] or call 0871 315 6 315

Hear more radio industry news like this at the top of the hour on inRadio - the radio industry's very own radio station. Listen now in a new window whilst you continue reading RadioToday or press play below.

0 0 452 28 February, 2007 Industry News 4:29 pm 20072 Wednesday, February 28th, 2007

Leave a Reply

Looking for something else?


Subscribe to our emails to stay informed about the latest radio news and products delivered straight to your inbox.

Related Posts

No related posts were found
WorldDAB General Assembly 2016 - November 9, 2016 at 10:00 am ()
Student Radio Awards - November 10, 2016 at 6:00 pm (The O₂ 10 Entertainment Avenue, London, SE10 0DY, England)
BBC Gillard Awards - November 10, 2016 at 7:00 pm (Newcastle)
Audio Production Awards - November 23, 2016 at 6:00 pm (BFI Southbank, Belvedere Road, London)
Radio TechCon 2016 - November 28, 2016 at 10:00 am (The Arts Theatre, 6-7 Great Newport St, London WC2H 7JB)
BBC Music Awards 2016 - December 10, 2016 at 8:00 pm (ExCeL London 1 Western Gateway, London, E16 1XL, England)
Salon de la Radio - January 29, 2017 at 10:00 am (Paris)
Salon de la Radio - January 30, 2017 at 10:00 am (Paris)
More events