paidContent:UK (Free subscription) | 11/24/2009
The latest in a burst of M&A deals in the European media sector this week: German newspaper and magazine publisher Axel Springer is buying fellow German publisher Gruner + Jahr’s Russian business. That consists of a string of Russian-language magazines such as Geo , and standalone websites including Moi-Roditeli.ru . Axel will publish the titles under licence from the...
Reuters UK (Free subscription) | 11/26/2009
By LONDON (Reuters) - Newspaper group Daily Mail & General Trust beat its forecast with a 23 percent drop in profits as consumer media advertising showed little improvement but business-to-business publishing held up.The group, which owns trade publications, events and top UK mid-market tabloid newspaper the Daily Mail, said attendances were up at its events, but that would translate into sales...
Reuters UK (Free subscription) | 11/12/2009
... shares have lost 15 percent so far this year, underperforming a 12 percent gain in the European media sector and an 8 percent gain in European telecoms . (Reporting by Dominique Vidalon; Editing by Greg Mahlich)
Reuters UK (Free subscription) | 11/11/2009
By and LONDON (Reuters) - Reed Elsevier's (REL.L) (ELSN.AS) chief executive, Ian Smith, has resigned because he was wrong for the times, the publisher said on Wednesday, replacing the industry outsider with a proven company insider, Erik Engstrom.Smith, just eight months in the job and known for transforming companies, will be replaced immediately by the head of Elsevier, the company's scientific-publishing...
Slaw (Free subscription) | 10/28/2009
... single-digit organic revenue growth by the firm. The broker also raises its overall rating for the European media sector to “outperform” from “neutral” as it feels it “offers one of the best combinations of earnings growth, valuations and visibility.” Recent share price weakness had created a good buying opportunity , particularly as there were signs of a recovery in the US...
