Posts Tagged "GMG"

Guardian Media Group is to spend £42m of its £1bn endowment fund backing companies which are involved in “the next generation of media technology”

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

The publisher of the Guardian and a private equity firm have cashed in £200m of shares in business media firm Ascential

The Guardian made a loss of more than £180m last year as digital growth went into reverse and the a tough print market took a further turn for the worse

Guardian Media Group will this week reveal a higher than expected full-year operating loss of £69m as the owner of The Guardian newspaper battles to bring its finances under control. GMG’s total pre-tax loss will hit £173m as the group belatedly writes down about £80m in the value of its stake in Ascential, the publicly quoted magazine and events company, and takes a £20m restructuring charge over severance payments

the magazine business jointly owned by The Guardian’s publisher and private equity group Apax, has floated at 200p a share, giving it a market cap of around £800m. Guardian Media Group, which owns around a third of the business, and Apax, which owns two-thirds, will sell a 25pc stake in the company with shares priced between 200p and 210p.

The business, which owns a raft of business titles including Retail Week and Health Service Journal as well as the Cannes Lions advertising festival, will float on Tuesday for up to £840 million. GMG and Apax will sell up to 20 per cent of their stake with shares priced at between 200p to 210p each

The private equity giant Blackstone is among a pack of investment firms weighing £1.2bn takeover bids for the media conglomerate which owns the Cannes Lions advertising festival

Bankers are preparing a £1bn stock market flotation for Top Right Group, the publishing and events company jointly owned by Apax Partners and Guardian Media Group

Investment bankers have been asked to come up with future options for Top Right Group, which could include a sale or flotation of the publisher

Media organisation Top Right Group – owned by The Guardian and private equity group Apax – has enforced cost-cutting measures.

The Guardian is expected to report an increase in digital revenues of more than a quarter to almost £70m in the last year, as the future of its national newspaper titles is secured for the forseeable future following a £619m cash injection. Guardian News & Media – the publisher of the Guardian, Observer and the […]

Guardian, Observer and theguardian.com publisher to invest sale proceeds, thought to be £600m to £700m, in core business

Guardian Media Group, the publisher of the Guardian, has sold its stake in Trader Media Group to Apax Partners for around £600m to bankroll its loss-making newspapers and website

Private equity firm Apax is in talks with Guardian Media Group (GMG) about potentially buying the newspaper group’s stake in Trader Media Group, the publisher of Auto Trader, in a deal that could raise up to £600m

In press release today Incisive Media announced the acqustion of VNU Business Publications.This was a back to back transaction from 3i following their acquisition of the Dutch and European publishing interests.