While private equity companies are expected to bid for the business-to-business division and radio groups, such as Global Radio, may bid for the radio business, the future of the consumer magazines group is uncertain.
NatMags and Condé Nast would be leading suitors for the weeklies, according to one observer. “If you add up More, Grazia, Heat, Closer and First, you have a very strong position in the weekly market. Both [NatMags and Condé Nast] would be interested.” Future Publishing would be the likely bidder for the specialist and music titles, while Development Hell or Dennis would both take a look at FHM, Zoo and Arena, he added.
Emap is expected to issue a sales memorandum for its businesses by the end of the month, with a deadline for bids set for the end of November, according to sources.
The sales memorandum, including sales projections, would be a precursor to a full sales prospectus, which would be available to potential suitors next month after the board completes its review. It is then expected to impose an eight-week deadline for firm bids. This would be taken to shareholders for approval with deals done and closed by the early part of 2008.
NatMags and Condé Nast would be leading suitors for the weeklies, according to one observer. “If you add up More, Grazia, Heat, Closer and First, you have a very strong position in the weekly market. Both [NatMags and Condé Nast] would be interested.” Future Publishing would be the likely bidder for the specialist and music titles, while Development Hell or Dennis would both take a look at FHM, Zoo and Arena, he added.
Emap is expected to issue a sales memorandum for its businesses by the end of the month, with a deadline for bids set for the end of November, according to sources.
The sales memorandum, including sales projections, would be a precursor to a full sales prospectus, which would be available to potential suitors next month after the board completes its review. It is then expected to impose an eight-week deadline for firm bids. This would be taken to shareholders for approval with deals done and closed by the early part of 2008.
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