Fri, 18 Mar 2011 | DIVISION SALE
Richard Desmond is readying to sell his portfolio of celebrity magazines, including Star, OK! and New!.
It has been reported that Desmond, chairman of Northern & Shell, has brought in Barclays Capital to manage the sale process for the company’s magazine division. A formal sale process has not yet commenced.
It has been speculated that the sale of the magazines would provide more funding for Channel 5 - a recent addition to Desmond’s portfolio. The TV channel changed hands in 2010 for £103.5 million.
About six million copies of OK! are sold each week to readers across the globe, with £20 million received from sales of the magazine in Britain last year.
German publishers Bauer Media, owner of Grazia and FHM, and Hubert Burda, which publishes Love it!, could be attracted by the sale. Both of these companies are currently in the race to acquire magazine titles being offloaded by BBC Worldwide, including the Radio Times.
Circulation of OK! fell by 23 per cent for the last six months of 2010, while sales for its rival Hello! proved to be stronger and fell by only 0.8 per cent for the same period.
OK! bought the exclusive rights to report on the weddings of David Beckham, Wayne Rooney and Katie Price, as well as the life stories of Big Brother contestants.
This is a superb opportunity to acquire a very well established private dental practice with four surgeries and potential to expand further.
LEASEHOLD
This well-established UK-based concrete delivery business presents a unique opportunity with significant potential for expansion in a thriving market.
This Northern Ireland-based bulk haulage specialist has experienced rapid growth, offering reliable and efficient transport solutions across the UK, Ireland, and Europe with a strong financial profile.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.