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’Bank struggle to move Emap loans
The group of banks that funded the £1.26bn acquisition of the business-to-business arm of media group Emap by Apax Partners and Guardian Media Group (GMG) have had difficulty passing on some of their lending,
Weekend catch-up: Emap, SIVs, Bear Stearns, Brocade
Failed Emap bidders hope to land Bauer cast-offs
Disappointed bidders for UK publisher Emap’s consumer titles are hoping to buy some niche magazines cast off by H Bauer after the Hamburg-based publisher won an extended auction process for the titles for £718m.
Bauer wins Emap consumer business
Emap, the UK media company, has secured a better-than-expected offer for its consumer magazines and radio businesses but failed to sell its larger exhibitions and trade magazines division. H Bauer, the German magazine publisher,
GMG expands Emap ambitions
Guardian Media Group has expanded its ambitions towards the business-to-business arm of Emap and teamed up with Apax to bid for the entire unit, valued at £1.2-£1.3bn. Last August, GMG -publisher of The Guardian,
UK’s Emap to assess bid interest
Emap, the UK media group, will learn this week whether its auction has generated sufficient interest to proceed with the sale of its three divisions, after another bidder came forward for its radio assets this weekend.
Berlusconi eyes Emap’s consumer mags
Mondadori, the magazine publisher controlled by Silvio Berlusconi, the former Italian Prime Minister, has expressed interest in buying Emap’s £700m consumer magazine division, reports The Times. The Italian group has asked for a sales memorandum on Britain’s second-largest magazine publisher,
Guardian and Apax consider joint Emap bid
The publisher of the UK’s The Guardian newspaper is in talks with private equity firm Apax Partners about launching a joint £2bn bid for Emap, reports The Daily Telegraph. Talks between Apax and Guardian Media Group are at an early stage.
Emap – up 13 per cent, on “world’s worst kept secret”
Did someone forget to tell the market?
Emap on Friday said that it had received “various unsolicited proposals” for part of the publishing group and would be undertaking a review of the business’ structure.
Emap sells Irish radio stations
Emap on Monday agreed to the sale of its three Irish radio stations for €200m, as the UK media group quickens the pace of its transformation from a consumer publishing company to one focused on business titles.
Emap sells Agor ahead of annual meeting
Emap said on Tuesday it had sold Agor, its French trade exhibitions business, for €85m in cash, to GL events, a French events organiser. The deal comes two days before Emap’s annual meeting, at a time when speculation is swirling about a break up of the business following the sudden departure of its chief executive,
GCap and Emap discussed radio tie-up
GCap Media has held merger discussions with Emap, its rival, in an attempt to create a new British commercial radio giant, reports The Times. Although the discussions collapsed when Tom Moloney, Emap’s former chief executive,
Emap dismisses takeover talk
Emap insisted on Tuesday it has received no bid approaches since the sudden departure last week of Tom Moloney, chief executive, which triggered takeover speculation. Alun Cathcart, chairman, who has taken on the chief executive role while headhunters search for a replacement for Mr Moloney,
Emap chief’s sudden exit fuels speculation
The sudden departure on Thursday of Tom Moloney, chief executive of Emap for the past four years, triggered speculation that the magazine and radio group might be taken over or broken up. People familiar with the company said that non-executive directors were unhappy about the speed at which the company’s strategy had been executed.
BSkyB and Carphone join bidding to enter radio
British Sky Broadcasting and Carphone Warehouse are poised to enter the radio industry, having put their names into a bid for the UK’s second national digital radio multiplex. The bid, led by Channel 4,