Pearl & Dean accounts for 25% of cinema advertising revenue in the UK and Republic of Ireland. Primesight owns 13,500 six-sheet outdoor panels in the UK and 141 large-format backlight panels, based predominantly in the London area.
SMG has recently been under shareholder pressure to dispose of the companies. There have been reports of a plan by former Channel 4 commercial director Rob Woodward, backed by a number of shareholders, to take over SMG. UTV has also made a merger approach for SMG, whose other major assets are SMG and Virgin Radio.
In a trading statement today, SMG reported a 19% pre-tax profit hike and a fall in turnover of 7% for the six months to 30 June.
Chris Masters, SMG's chairman, said: "Having reviewed the group's businesses, the board believes that, while Pearl & Dean and Primesight are excellent advertising businesses, they are no longer core to the group."
SMG has recently been under shareholder pressure to dispose of the companies. There have been reports of a plan by former Channel 4 commercial director Rob Woodward, backed by a number of shareholders, to take over SMG. UTV has also made a merger approach for SMG, whose other major assets are SMG and Virgin Radio.
In a trading statement today, SMG reported a 19% pre-tax profit hike and a fall in turnover of 7% for the six months to 30 June.
Chris Masters, SMG's chairman, said: "Having reviewed the group's businesses, the board believes that, while Pearl & Dean and Primesight are excellent advertising businesses, they are no longer core to the group."
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