EMAP

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EMAP plc
TypePublic limited company
Founded1947
HeadquartersLondon, England, UK
Key peopleAlun Cathcart: Executive Chairman
Ian Griffiths: CFO
Paul Keenan: CEO - Emap Consumer Media
IndustryPublishing
RevenueImage:Green Arrow Up Darker.svg/ Turnover £1.154 Billion GBP (2006)
Operating incomeImage:Green Arrow Up Darker.svg £223 Million GBP (2006)
Employees5,500~
Websitewww.emap.com

EMAP plc (LSE: EMA) is a British media company, specializing in the production of magazines, and the organization of business events and conferences. It also owns several radio and television stations. "EMAP" is an abbreviation of East Midland Allied Press - which was founded by Charles Winfrey in the late 1800's 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 and the rest is, as they say - history....

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 it's founder in 1957 for a hundred pounds. (Actually launched in 1955). 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 1980's and still remain large shareholders.

The company is listed on the London Stock Exchange. After a period as a constituent of the FTSE 100 Index, it has been demoted to the FTSE 250 Index with effect from 16 September 2005.

The group is structurally divided into main branches: "EMAP Consumer Media", "EMAP Communications", "EMAP Radio" and "EMAP Advertising". On 20 June 2006 "EMAP France" was sold to Italian press group Arnoldo Mondadori Editore S.p.A. for €545 million.[1] On 29 September 2006, "EMAP France" became officially "Mondadori France".

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.[2] The announcement effectively put the company up for sale, according to a MediaGuardian article published on the subject. This comes at a time when the company is without a Chief Excutive after the sudden departure of Tom Maloney from the company earlier in the year[3] after a series of profit warnings. Speculation has even arisen of a hostile takeover of the company while it attempts to find a new person to assume the role of Chief Executive, the aforementioned review notwithstanding.

On 12th September 2007, Emap announced that it had completed the disposal of its Australian consumer magazine division, Emap Australia for approximately £38m.[4]

Contents

[edit] EMAP Radio

Main article: EMAP Radio

EMAP operates seven DAB multiplexes and also three jointly owned multiplexes with UTV which EMAP owns 30%. In addition, EMAP Radio now owns 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 are marketed as the Big City Network whilst each of these has a sister station. In England, the stations play oldies jointly marketed as Magic Radio whilst in Scotland and Northern Ireland, they are marketed separately playing similar music to the Magic stations.

In mid-2007, EMAP agreed to sell their Republic of Ireland radio interests to Denis O'Brien's Communicorp Group Limited. However the sale is currently on hold due to the Broadcasting Commission of Ireland's decision on 8 October 2007 to refuse permission for the transfer of the FM104 Independent Local Radio contract to Communicorp, which already holds two ILR contracts in the Dublin city and county franchise area. In addition, an investigation by the Irish Competition Authority is currently pending. As a result of the BCI ruling, Communicorp has agreed to sell FM104 to UTV Media upon its acquisition in order to allow the acquisition of the other stations (Today FM and Highland Radio) to proceed [1]. In addition, on 21 December 2007 it was reported [2] that Communicorp also plans to sell Highland Radio after it acquires it from EMAP.

[edit] EMAP magazines

EMAP's magazines are run by two divisions: EMAP Consumer Media, which encompasses its consumer-oriented magazines, and EMAP Communications, which encompasses its business-to-business portfolio. It has over 150 magazines (or "brands" as they are called internally) in the UK and France, including FHM, Q magazine, and Top Santé. Here are some magazines that are currently owned by EMAP:

[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".

At the time of the Bauer announcement, Emap said the sole remaining part of the group, Emap Communications, would be operated as a focused business-to-business operation. However, on December 21, 2007, it announced that, subject to the Bauer deal going through, the remainder of Emap would be sold to a new company formed by Guardian Media Group and private equity group Apax, valuing Emap Communications at £2bn. [3]

[edit] Former 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:

[edit] References

  1. ^ "Sale of EMAP France agreed", EMAP, 2006-06-20. 
  2. ^ "Review of group structure", EMAP, 2007-07-27. 
  3. ^ "Change of group chief executive", EMAP, 2007-05-17. 
  4. ^ "Sale of Australian consumer magazines business", EMAP, 2007-09-12. 
  5. ^ "Agreements with Heinrich Bauer Verlag KG ("Bauer") to sell Emap Consumer Media and Emap Radio", EMAP, 2006-12-07. 
  6. ^ "H. Bauer Publishing Successful in Bid for Emap", H. Bauer Publishing, 2006-12-07. 

[edit] External links

v • d • e
EMAP plc

Radio and Television

Big City Network: CFM · Hallam FM · Key 103 · Metro Radio · Radio City 96.7 · 96.3 Radio Aire · 97.4 Rock FM · TFM Radio · 96.9 Viking FM

Big City Scotland: 102.5 Clyde 1 · Cool FM  · Downtown Radio · 97.3 Forth One · South WestSound FM · Tay FM · 97.4 MFR · Moray Firth Radio 1107AM · Northsound 1 · Radio Borders · 96.7 West FM · West Sound

Magic Network: Magic 105.4 · Magic AM · Magic 828 · Magic 999 · Magic 1152 · Piccadilly Magic 1152 · Magic 1161 · Magic 1170 · Magic 1548

Kiss Network: Kiss 100 London · Kiss 101 West · Kiss 105-108 East

Other Radio Assets: Clyde 2 · FM104 · 1548 Forth 2 · Kerrang! 105.2 · Highland Radio · Northsound 2 · Tay AM · Today FM · Wave 105

Emap Digital Radio: Heat · The Hits · Q · Smash Hits · Kerrang! Radio · Mojo

Emap Music TV: The Box · The Hits · Kiss TV · Magic TV · Kerrang! TV · Q TV · Smash Hits TV

Publishing

Consumer Titles: Angling Times · Arena · Australian Snowboarding · Australasian Dirt Bike · Australian Skateboarding  · Australian Mountain Bike · Bike · Bird Watching · Car · Classic Bike · Classic Cars · Closer · Country Walking · Digital Photo · Empire · FHM · First · Freesail · Garden Answers · Garden News · Golf World · Grazia · Improve Your Coarse Fishing · Heat · Instant Beauty · Kerrang! · Land Rover Owner International · Match · Max Power · Model Rail · Mojo · More · Mother & Baby · Motorcycle News (MCN) · New Woman · Outdoor Australia · Parker's · Performance Bikes · Pop · Practical Classics · Practical Fishkeeping · Practical Photography · Pregnancy & Birth · Q · RAIL · RiDE · Sea Angler · Shopping for Baby · Skiing · Steam Railway · Today's Golfer · Top Sante · Tracks · Trail · Trout & Salmon · Trout Fisherman · Waves · What Bike? · Your Horse · Yours · Zoo

Business Titles: ALF · AM · Architects Journal · Architectural Review · Broadcast · Business Travel World · CAP · Construction News · Drapers · European Plastics News · Fleet News · Ground Engineering · Health Service Journal · Heating & Ventilating News · Journal of Wound Care · Lighting · Local Government Chronicle · Materials Recycling Week · Media & Marketing Europe · MEED · New Civil Engineer · Nursing Times · Pet Product Marketing · RAC · Retail Jeweller · Retail Week · Screen International · Shots · Therapy Weekly

Distribution: Seymour · Frontline

fr:Mondadori France
Retrieved from "http://india.smashits.com/wikipedia/EMAP"
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