Rob's Blog - December 2007

A Clapham Sunrise

A lovely sunrise over clapham, snapped through a dirty train window as we left Clapham Junction station this morning.

Links for 2007-12-10

• Emap downgraded to "hold" | newratings.com Analyst Alex DeGroote of Panmure Gordon downgrades Emap Plc (ticker: EMA-GBX) from "buy" to "hold." The target price has been reduced from 925p to 800p.
• Failed Emap bidders hope for Bauer sell-on According to reports there is hope among the failed bidders for Emap's consumer magazines that their new owner, German publisher H Bauer, will dispose of some of the titles.
• Emap sheds consumer and radio arms to H Bauer for £1.14bn Emap could shake up its print contracts following the sale of its consumer title and radio divisions to H Bauer, as it strengthen its focus on business magazine publishing
• Emap drops 10% after $2.3 bln sale disappoints investors - MarketWatch Shares in the U.K.'s Emap fell nearly 10% Friday after the media group said it'll sell its consumer magazine and radio operations for 1.14 billion pounds ($2.33 billion), but will retain its business-to-business division.
• Scotland on Sunday - Business - Clyde and Forth sold up the river with German move but better off the Emap It has been a long time since the likes of Clyde and Forth have been truly independent, but there is something depressing about the way Emap has parcelled them up with its other stations and flogged them just a couple of years after buying Scottish Radio
• Emap shareholders to fight big asset sell-off - Times Online EMAP shareholders may try to scupper the sale of the media group’s radio and magazine divisions after its auction of assets fell short of expectations.
• Failed Emap bidders want Bauer cast-offs - Financial Times- msnbc.com Disappointed bidders for Emap's consumer titles are hoping that magazines such as Trout & Salmon may be cast over the side of H Bauer Verlag's boat after the publisher of Bella and Take A Break won them via an extended auction process.

Links for 2007-12-07

• Emap sells off mags and radio | This is Money Media group Emap is selling its consumer magazine and radio assets to German publishing house Bauer for £1.1bn.
• BBC NEWS | Business | Emap in magazine and radio sale Emap is selling the businesses, which include the Magic and Kiss radio stations, to German publisher Bauer for £1.14bn ($2.3bn; 1.6bn euros).
• Radio Today with United Radio..: Emap radio sale conditional The sale of Irish radio stations Today FM, FM104 and Highland Radio, as announced in July, must be completed before Bauer purchase Emap's radio division, the Magic owner has announced. Otherwise ownership will transfer back to Emap.
• Emap sells consumer, radio ops for 1.14 bln stg; to return 1 bln stg UPDATE | Latest News | News | Hemscott Emap PLC has sold its consumer media and radio operations to Heinrich Bauer Verlag KG for 1.14 bln stg and will return 1 bln stg to shareholders while retaining its business-to-business communications unit.
• completion of review of group structure - Emap Emap are selling their Consumer Magazines and Radio business to Bauer
• Bauer set to buy Emap's divisions for ?1.1bn - Telegraph Bauer have bought Emap for 1.14 billion pounds.

Links for 2007-12-04

• Perl on Rails - Why the BBC Fails at the Internet | I Am Seb It seems the techies at the BBC have similar issues as we have at Emap regarding technology.
• Bidders for Emap due to show their cards: sources | Reuters U.S. publisher Hearst Corp and private equity group Exponent are expected to be among bidders for Emap's consumer magazine assets
• Apax Partners leads race for Emap's business titles - Independent Online Edition > Business News American publishing giant Hearst made a joint offer with UK private equity group Exponent for Emap's Consumer Magazines.

Links for 2007-12-03

• BBC - Radio Labs - Radio Labs - Perl on Rails The BBC has created it's own version of Ruby on Rail but in Perl. Guess what it's called?