EMAP

Article Abstract:

EMAP has expanded into French consumer magazines, where profits have risen to 13.4 million pounds sterling from 6.4 million pounds in the six months to Sep 30 1996. The company's profits from radio rose to 10 million pounds from 5.4 million pounds in this period. The newspaper side has been sold for 213 million pounds. Advertising income has helped increase profits from UK consumer magazines which rose by 11% to 19.9 million pounds. Interest changes and the cost of paper are set to fall in the second half of the company's FY.

Radio Broadcasting, Radio broadcasting stations, Radio broadcasting industry

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New chairman may be 'too powerful' claim

Article Abstract:

Management changes at Emap will mean that Robin Miller moves from the post of chief executive to non-executive chairman, and Kevin Hand becomes chairman from Jul 1998. Ken Simmonds, formerly a non-executive director of Emap, is concerned that Miller could have too much power as chairman and could hamper the efforts of Hand. Simmonds had supported Emap's former managing director, David Arculus, in an unsuccessful bid for the post of Emap's chief executive in Dec 1996, and Simmonds was then removed from Emap's board.

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EMAP

Article Abstract:

EMAP will reduce borrowings through the sale of local newspapers to be acquired by Johnston Press. The company's borrowings increased due to acquisitions such as Metro Radio. EMAP aims to focus on radio, business communications and consumer magazines which the company sees as providing superior returns to local newspapers. Electronic publishing is becoming increasingly important as a proportion of communications and business revenue, and EMAP aims to develop its electronic publishing activity.

Telegraph & other communications, Electronic Publishing, All Other Publishers

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