company name | EMAP| |
---|---|
company logo | 200px | |
company type | Private | |
foundation | 1947 | |
industry | Publishing| |
num employees | | |
revenue | £1.154 Billion GBP (2006) |
operating income | £223 Million GBP (2006) |
location | London, United Kingdom | |
homepage | www.emap.com |}} |
Emap Limited is a British media company, specialising in the production of business-to-business magazines, and the organisation of business events and conferences. The company was once a constituent of the FTSE 100 Index but is now owned by Apax and Guardian Media Group.
"EMAP" is an acronym, standing for East Midland Allied Press.
The magazine division was 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 1956 for a hundred pounds. It had been launched two years earlier. Both remain in the top 10 profit earners for the company (now Bauer) to this day. The Winfrey family continued to work on the management team of EMAP until the early 1980s and remained large shareholders until two thirds of the company were sold to Bauer Media Group in early 2008
EMAP eventually became a PLC in the late 1970s under the guidance of the extremely successful partnership of Sir Robin Miller and David Arculus.
In 1996 EMAP PLC agreed to sell its 65 newspaper titles, including the 300-year-old Stamford Mercury, to Johnston Press for £111 million.
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.
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.
On 29 January 2008, Emap PLC completed the sale of its radio, television and consumer media businesses to German company Bauer for £1.14bn.
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 2008.
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 its 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).
* Category:Media companies of the United Kingdom Category:Companies based in London Category:Companies established in 1947 Category:Companies formerly listed on the London Stock Exchange Category:Apax Partners companies Category:Media in Peterborough
fr:East Midlands Allied PressThis text is licensed under the Creative Commons CC-BY-SA License. This text was originally published on Wikipedia and was developed by the Wikipedia community.
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