Additional Information


Content

Gruner & Jahr and Lagardere join hunt for Emap

LONDON - The ranks of bidders for Emap have been swelled by German publisher Gruner & Jahr and French group Lagardere, which owns UK publisher Hachette Filipacchi, according to reports.

Share this article

The Observer claims that in addition to the two publishers, its own parent company Guardian Media Group has discussed a joint bid, with private equity firm Apax, for some of Emap's radio assets.

Gruner & Jahr has no presence in the UK, but owns 90 magazines, one newspaper and 26 websites in most of Europe, Asia and Central and South America.

Lagardere is a conglomerate with business lines in book publishing, magazine publishing, French TV channels, magazine distribution and sports rights, and it also owns a stake in European aviation technology company EADS.

Its magazine division had a €1.8bn (£1.2bn) turnover in 2006. It expanded into the UK in 2002 by acquiring magazine company Attic Futura, and currently publishes titles including Elle, Red and Psychologies.

The two companies are likely to be interested particularly in Emap's consumer magazine portfolio and also its business-to-business publishing and events division, rather than its radio division.

Two weeks ago it emerged that Italian publishing group Mondadori, controlled by Silvio Berlusconi, had expressed interest in Emap.

The break-up of Emap is expected to fetch upwards of £2.5bn if all its three divisions are sold off.

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Additional Information

Latest jobs Jobs web feed

FROM THE BLOGS

The Wall blogs

Back to top ^