Wednesday, August 19, 2009
Readers Digest USA: private equity lets the deal go down
Did you follow the takeover of Readers Digest by a US private equity firm a couple of years back? Here are a couple of experts opining on the wisdom of that investment (with the benefit of hindsight). According to Jim Cramer (second video) not only is the magazine business kaput, no media stock is worth investing in at the moment.
![Reblog this post [with Zemanta]](http://img.zemanta.com/reblog_e.png?x-id=f131e068-ff4d-4665-9cba-da3face15c07)
Labels: magazines, media management, political economy, Readers Digest, takeover
Thursday, May 17, 2007
Emap Top Bod Walks
Tom Moloney has quit Emap.
All I can say, as a former Emap NUJ FOC, is it couldn't happen to a nicer fellow.
More details about his going here and here.
And maybe that clever division of the company which he oversaw in his early days wasn't quite as clever after all, given the revived speculation about a takeover. Although shareholders such as myself will enjoy the rise in share prices which this causes. But then doubtless Mr Moloney is pretty well off for shares too.
ADDENDUM: See the Magforum blog entry for a much more grown-up and informative take on this story.
All I can say, as a former Emap NUJ FOC, is it couldn't happen to a nicer fellow.
More details about his going here and here.
And maybe that clever division of the company which he oversaw in his early days wasn't quite as clever after all, given the revived speculation about a takeover. Although shareholders such as myself will enjoy the rise in share prices which this causes. But then doubtless Mr Moloney is pretty well off for shares too.
ADDENDUM: See the Magforum blog entry for a much more grown-up and informative take on this story.
Labels: Emap, magazines, Moloney, takeover
