GMG puts price of £1.5bn on Trader Media

Mon, 30 Oct 2006

Guardian Media Group's chief executive Carolyn McCall has stated that the company would be prepared to sell Trader Media, its listings subsidiary, should it receive an offer of £1.5bn for the business. However, McCall added that she viewed such an offer as unlikely. Trader Media's current turnover is £303.3m with an operating profit of £119.5m. The company is due to be floated in 2007.