Emap Board confirms interest
Posted by
Emap Board confirms interest

Emap is encouraged with the progress of their company review so far, the Magic owner said this morning. They remains focused on examining all options to maximise shareholder value, including a possible sale or demerger of the constituent parts of the Group.

The update, issued this morning, follows an announcement on July 27th about the review of Emap's group structure and portfolio of assets. Speculation has been high in the papers about who is interested in buying which parts of the group. The FT reported over 30 approaches had been made.

[i]Trading since the last update has been encouraging. The B2B division continues to deliver strong underlying revenue growth; Radio is performing well in what appears to be a more positive market; and, while revenue growth remains challenging in our consumer magazine markets, there is increasing confidence that the operational efficiency initiatives commenced last year will deliver benefits earlier than anticipated.[/i]

GMG Radio has already confirmed they would look at their options, whilst GCap Media and Global Radio are also thought to be interested. Industry speculation suggests this may be a perfect opportunity for a foreign company to enter the UK radio market, following in the footsteps of CanWest.

[link=http://www.radiotoday.co.uk]RadioToday.co.uk – non-stop radio news[/link]

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 0 494 30 August, 2007 Industry News 6:33 am 20078 Thursday, August 30th, 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
RAJAR Q3 2016 - October 26, 2016 at 11:00 pm (London)
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)
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