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EMAP

EMAP is a British media company, specialising in the production of business-to-business magazines, and the organisation of business events and conferences.

"EMAP" is an abbreviation of East Midland Allied Press which was founded in 1947 The foundations of the group lay in the local newspapers published by the Winfrey family. In 1887, Richard Winfrey purchased the Spalding Guardian and he later purchased the Lynn News and the Peterborough Advertiser; he also started the North Cambs Echo. Sir Richard Winfrey (1858- 1944) was a Liberal politician and campaigner for agricultural rights and the papers were used to promote his political views in and around Spalding, Boston, Sleaford & Peterborough. During World War II Winfrey's newspaper interests began to be passed over to his son, Richard Pattinson Winfrey (1902-1985). In 1947, under the direction of Pat Winfrey, the family's newspaper titles were consolidated to form the East Midland Allied Press. The company was formed by the merger of the Northamptonshire Printing and Publishing Co., the Peterborough Advertiser Co., the West Norfolk and King's Lynn Newspaper Co. and commercial printing sections at Rushden, King's Lynn and Bury St. Edmunds.

The magazine division was really founded on 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.

In 1996 EMAP agreed to sell its 65 newspaper titles, including the 300-year-old Stamford Mercury, to Johnston Press for £111 million.

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 27 July 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 12 September 2007, Emap announced that it had completed the disposal of its Australian consumer magazine division, Emap Australia for approximately £38m to ACP Magazines Ltd.[2]

On 29 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


EMAP 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).

EMAP magazines

It has 59 magazines in its business-to-business portfolio including MEED, Aesthetic Medicine, Architects' Journal, Architectural Review, Drapers, Health Service Journal, Local Government Chronicle, Nursing Times and Recycling & Waste Management.

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".

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:

References

  1. Guardian and Apax snap up a fifth of Emap - Times Online

External links

fr:Mondadori France





Source: Wikipedia | The above article is available under the GNU FDL. | Edit this article


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