EMAP
From Wikipedia, the free encyclopedia
| EMAP | |
|---|---|
 |
|
| Type | Private (Ltd) |
| Founded | 1947 |
| Headquarters | London, England, UK |
| Industry | Publishing |
| Revenue | ▲/ Turnover £1.154 Billion GBP (2006) |
| Operating income | ▲ £223 Million GBP (2006) |
| Website | www.emap.com |
EMAP is a British media company, specializing in the production of b2b magazines, and the organization of business events and conferences. "EMAP" is an abbreviation of East Midland Allied Press - which was founded by Charles Winfrey in the late 1800s when he was trying to get elected as a member of parliament. (He felt by owning local newspapers in and around Boston, Sleaford & Peterborough, he could more easily get his political message across). It transpired that he was a more successful publisher than politician.
The magazine division was really founded on a whim and a hunch when the company's printing presses lay dormant between printing issues of the local papers. The staff gambled that a weekly angling publication would be a hit - and in 1953 Angling Times was born. This was soon joined by another weekly heavyweight when EMAP bought Motor Cycle News from its founder in 1957 for a hundred pounds. It had been launched two years earlier. Both remain in the top 10 profit earners for the company to this day.
The Winfrey family continued to work on the management team of EMAP until the early 1980s and still remain large shareholders.
The company was listed on the London Stock Exchange. After a period as a constituent of the FTSE 100 Index, it was demoted to the FTSE 250 Index with effect from 16 September 2005.
On July 27 2007, Emap announced that it was undertaking a review of the structure of the group in response to receiving a number of unsolicited proposals to purchase parts of the company.[1]
On 12th September 2007, Emap announced that it had completed the disposal of its Australian consumer magazine division, Emap Australia for approximately £38m.[2]
On 29th January 2008, Emap completed the sale of its radio and television stations to German company Bauer. The remainder of the company was taken over by Eden Bidco Ltd, a company incorporated for the purpose of the acquisition by its owners, the Private Equity investment group Apax and the Guardian Media Group in late March/early April.[3][4]
Contents |
[edit] EMAP Radio
- See also: Bauer Radio
EMAP operated seven DAB multiplexes and also three jointly owned multiplexes with UTV. In addition, EMAP Radio owned 40 UK and Ireland local commercial radio stations. On 21 June 2005, EMAP acquired 21 radio stations from its purchase of Scottish Radio Holdings.
Twenty of its local contemporary music radio stations based across the north of the United Kingdom were marketed as the Big City Network.
In mid-2007, EMAP sold their Republic of Ireland radio interests to Denis O'Brien's Communicorp Group Limited (other than FM104, which was sold to Communicorp but acquired from Communicorp by UTV Media at the same time).
[edit] EMAP magazines
It has 59 magazines in its business-to-business portfolio including MEED, Aesthetic Medicine, Architects' Journal, Architectural Review, Drapers and Recycling & Waste Management.
[edit] EMAP's disposal
Emap's portfolio of radio stations and its Consumer Media has been sold to Bauer for the total transaction value to £1.14bn (subject to shareholder approval)[5][6].
In a statement, Emap said that the decision to dispose of its radio and consumer media divisions was taken to "best position the company to deliver significant long-term value for shareholders".
[edit] Historical EMAP Magazines
EMAP ceased publishing many magazines in its history, in particular was a move away from the computing genre during the mid-90s. Here are magazines formerly published by EMAP:
- Computer and Video Games
- CU Amiga Magazine
- Eye magazine – Issue numbers 13–25, 1994–1997.
- Internet Magazine
- Mean Machines
- Nintendo Official Magazine
- Sega Saturn Magazine
- Sinclair User
- Smash Hits
- SPORT
- ST Review
- The One
- The Face
[edit] References
- ^ "Review of group structure", EMAP, 2007-07-27.
- ^ "Sale of Australian consumer magazines business", EMAP, 2007-09-12.
- ^ "expected timetable of events for emap plc shareholders", EMAP, 2008-01-25.
- ^ Guardian and Apax snap up a fifth of Emap - Times Online
- ^ "Agreements with Heinrich Bauer Verlag KG ("Bauer") to sell Emap Consumer Media and Emap Radio", EMAP, 2006-12-07.
- ^ "H. Bauer Publishing Successful in Bid for Emap", H. Bauer Publishing, 2006-12-07.
[edit] External links
|
|||||
