The future of EMAP looks uncertain since the departure of chief executive Tom Moloney in May earlier this year. The company immediately began to get offers to be taken over by other companies and is now up for sale most probably as separate divisions rather than being sold as a whole company. The company is valued at between 1.2 to 1.3 billion pounds.
The company is currently in a second stage of bidding, the companies who have made it to this stage Include Apax and Guardian Media group who are teaming up to bid on the business to business division. For the consumer magazines the companies bidding are Hearst, Providence, Cinven, Quadrangle and Exponent. The companies GCap, Global Radio, Vitruvian Partners, Veronis Suhler Stevenson, and UTV are in the running for the Radio Division however sources indicate that Emap may break this division up for sale. Furthermore Channel 4 are interested in buying the television division as they already have 50% of the stake they only need to purchase the other half for complete control, so far neither Channel 4 nor Emap have commented about this.
This activity has only happened within the last month, with the news of Channel 4’s interest in Emap only surfacing in the last few days, This could potentially spell the end of EMAP as one whole functioning company, it’s not certain whether once the divisions are sold the company will retain it’s identity as EMAP or be fully integrated into the winning companies roster.
Here are the links for where I found my information
http://www.broadbandtvnews.com/?p=2384
http://business.scotsman.com/ViewArticle.aspx?articleid=3470718
http://www.hemscott.com/news/comment-archive/item.do?id=31948
1 comment:
Hi Ved,
well written but no mention of your sources. Link back to them its a lot easier online than in an essay. What do you think will happen? How does this tie in to the issues we discussed last week? While ITV, CH4 and BskyB have a strong net presence and ambitions whats EMAP doing?
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