Business Sale News in the Advertising And Media sector

PricewaterhouseCoopers has stepped up its efforts to find a buyer for the South Wales-based Valleywood film studios. Its owners Dragon International Studios and Westair Properties Ltd both went into administration in March 2008 and since then PwC have struggled to complete a suitable rescue deal in the current financial climate. Options looked at have included selling off assets, a trade sale and refinancing. [more]

Irish classified ads magazine Buy & Sell has been pulled back from the brink of receivership, after a company backed by Nelson and Elgin Loane - the family behind the Adare printing group - stepped in and paid an undisclosed [more]

Close Brothers has been hired to sell Bonded Services, the movie storage business, for up to £50m, according to a report by the Sunday Teleg [more]

East London-based radio station Club Asia, one of the main brands in the Asian youth market, has been placed into administration, and hopes to find a buyer quickly. [more]

Publisher McGraw-Hill has hired Evercore Partners to find a buyer for its underperforming BusinessWeek magazine, sources say. [more]

Russian oligarch Alexander Lebedev, owner of the Evening Standard, may be considering a bid approach for The Independent and its Sunday sister as Sir Anthony O'Reilly prepares to step down from his chief executive role at Independent News &am [more]

Hugh Hefner has decided to sell his £200million company Playboy after 56 years at the [more]

Independent News & Media (INM) is preparing to sell The Independent newspaper title as it struggles under a £1.24 billion mountain of debt, it has been reported by T [more]

Johnston Press, the publisher behind 300 publications in the UK, faces uncertainty if it does not secure new bank loans or sell its Irish newspapers at a good price. [more]

It looks as though Entertainment Rights, the company behind Postman Pat, Rupert Bear and He-Man, will have to be sold in chunks as offers for the company are too low to cover its debt of more than £ [more]

Virgin Media is considering selling its television channels division in order to raise funds to help pay off its debt. [more]

Playboy Enterprises is willing to discuss a sale of the entire firm, following the report of a steep quarterly loss. [more]

ITN, the television news service company behind News at Ten and Channel 4 News, may go up for sale as its main shareholder ITV has signalled that it may reduce or sell its stake, according to The Times. [more]

Sir Anthony O'Reilly has put The Independent up for sale, and is open to considering offers for the loss-making newspaper. It was reported back in November that [more]

The Independent News & Media group (INM) is to undergo a series of asset disposals in order to reduce its debt. Advisors at Greenhill, the corp [more]

Alexander Lebedev, former Russian spy and billionaire, is eager to buy a controlling stake in the Evening Standard and has submitted an offer to Lord Rothermere, chairman of the paper's owners Daily Mail & Gener [more]

RDF Media, the television production company behind Wife Swap and Location, Location, Location, has received a £50m takeover offer from a consortium including Cyrte Investment, a company set up by Big Brother media mogul John de Mol, and led by RDF's chief executive David Frank. RDF had initially received [more]

Events and exhibitions firm, Informa, has rejected a reduced takeover bid from a private equity consortium. [more]

The UK-based privately owned television production company, Rapido Television, has hired Livingstone Partners to manage the sale of the company. Rapido is hoping to attract bids for &poun [more]

Andrew Neil, former Editor of The Sunday Times and chief executive of the Spectator group, has agreed to pay £4 million for the struggling literary and talent agency, Peters Fraser & Dunl [more]