Financial information business Euromoney saw its share price drop nine per cent on Friday morning as Daily Mail and General Trust (DMGT) revealed details of its plans sell part of its stake in the company
Press Release: SAN JUAN CAPISTRANO, Calif. – August 12, 2016 – Emerald Expositions, LLC (“Emerald”), a leading business-to-business trade show and conference producer, today announced its acquisition of the Swim Collective and Active Collective trade shows, from Shannon Leggett, their founder.
The Americas divison of the global B2B information firm, which has not been shy about its aggressive transition from trade publisher to “events-first” company, confirmed to Folio: today that Design News, MD+DI, Qmed, and Packaging Digest will cease print production following their respective December issues and enter 2017 as digital-only brands.
The magazine publisher’s stock price jumped on reports it has hired financial advisers.
After receiving an unsolicited takeover offer, magazine publisher Time Inc. has hired financial advisers to field potential bids for the company and investigate other strategic moves, according to a Wall Street Journal report
Raconteur, the free current affairs magazine, is closing nine months after launching due to a lack of advertising revenue. The last issue of the quarterly magazine, published by content agency Raconteur Media, will come out on Friday. Press Gazette was told that the magazine’s editor, Peter Guest, has been suspended after emailing staff about the closure.
Press Release: Easyfairs today announces its acquisition of Pentawards, the most prestigious worldwide competition exclusively dedicated to packaging design in all its forms. Created in January 2007, Pentawards’ primary mission is to increase awareness of packaging design and those who create it. Its 55 categories are open to all those across the globe who are associated with the creation or marketing of packaging, and are judged by an international jury consisting of 12 highly reputed designers and packaging design directors from major companies
Brexit will further weaken a slowdown in UK adspend in the coming years, Zenith has forecasted, with advertising growth set to halve to 5% this year. The Publicis Groupe media agency’s Advertising Expenditure Forecasts says UK adspend will be down on 2015’s 9.2%. Last year Zenith had predicted UK growth of 9.7%.
The chief executive of Virgin Media has rejected speculation that its parent company, the pan-European cable empire Liberty Global, could seize on weakness in ITV’s share price to mount a takeover bid for Britain’s biggest commercial broadcaster.
Tom Mockridge told the Sunday Telegraph that Liberty had “enough to do as it is” without wading further into programming. Liberty owns 9.9pc of ITV and has bought the equivalent commercial broadcaster in Ireland, fuelling speculation that it is lining up an approach for ITV.
Press Release: Tarsus Group plc (“Tarsus” or the “Group”), the international business-to-business media group, announces that it has conditionally agreed to acquire 80.1 per cent of Connect Meetings, LLC (trading as “Connect”) for a cash consideration of up to approximately $57.0 million (the “Acquisition”), payable by way of initial consideration of approximately $44.0 million plus up to $1.0 million for working capital and up to $12.0 million payable over the next two years subject to certain conditions
The Placing Shares represent, in aggregate, approximately 15 per cent of the Company’s issued ordinary share capital and constitute approximately 37.7 per cent of the Apax Sellers’ combined holdings in the Company and approximately 37.7 per cent of GMG’s holding in the Company
DMGT has little in common with supposed peers Johnston Press and Trinity Mirror. A forward earnings ratio of 14.2 times suggests the future is rosy. The market predicts deep trouble ahead for the other two, with ratings of 0.7 and 2.2 times, according to S&P Global. If DMGT were shorn of its legacy media interests, it would be rated more like Relx at 18.7 times
A new report that Meredith Corporation may make a bid for Time Inc. has raised share prices for both companies, and fueled more industry speculation over Time Inc.’s future
The new patent system is a complex hybrid of EU and non-EU components. While the UPC is officially an international judiciary outside the EU, it was set up under the auspices of the EU and is currently open only to member states – and some of its underlying legal framework is subject to interpretation by the European Court of Justice.
Chief executive says review will ask: are we the best owners for all our businesses?
DMGT, the owner of the Daily Mail saw profits tumble by a quarter at its newspaper operation following a double-digit fall in print advertising revenues and investment in Mail Online
Dennis Publishing is proposing to close the print edition of Coach Magazine, with the issue dated Wednesday 14th December being its last
Press Release: WPP announces that it has acquired, subject to regulatory approval, Promotion Execution Partners, LLC (“PEP”), a project management and procurement company that oversees shopper marketing promotions for clients, in the US.
Press Release: CLOSERSTILL MEDIA, the London-based exhibition and conference organiser, has announced the acquisition of LEARNTech Asia from Kydon Holdings for an undisclosed sum
According to the FT, Time Inc, the publishing company that owns Sports Illustrated, People and Time magazines, has rejected an unsolicited bid worth close to $1.8bn from a consortium backed by Len Blavatnik, the billionaire owner of Warner Music Group, according to people briefed on the offer.
According to the Daily Telegraph UDG Healthcare could make as many as four acquisitions in the US next year, its chief executive has said.
