Emap Tunes in to Scottish Radio Buy at Pounds 391 Million
Evening Standard - London › June 21, 2005
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Summary
KISS FM and Magic broadcaster Emap today took over another 22 radio stations with a recommended Pounds 391 million bid for Scottish Radio Holdings, as two of its main rivals warned that advertising revenues in the sector still look weak.
Emap has won agreement from the SRH board by raising its offer to 1088p a share from 1040p. It bought a 27% stake from SMG 18 months ago at 930p. The average price will be 1045p. The deal covers Radio Forth, Radio Clyde, Belfast's Downtown, two Vibe stations in England and Today FM in the Republic of Ireland.See the full content of this document
Extract
Emap Tunes in to Scottish Radio Buy at Pounds 391 Million
Emap has agreed to sell on SRH's 45 regional newspapers to Johnston Press for Pounds 155 million.
Emap chief executive Tom Moloney s...See the full content of this document
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