Mirror stock falls 11% after retreat by Axel Springer

Article Abstract:

Mirror Group, the third-biggest publisher of newspapers in the United Kingdom, suffered an 11% decline in its share prices after its possible acquisition by Axel Springer Verlag AG, a publishing firm from Germany, did not push through. Axel Springer opted to forego a possible purchase deal for Mirror Group after conducting a comprehensive evaluation of issues such as different aspects related to publishing. Mirror Group, which was expected to secure a purchase price of up to GBP1.2 billion, faces an uncertain future due to Axel Springer's retreat.

Comment:

Opts to forego its possible purchase of Mirror Group after conducting a comprehensive study of issues such as publishing aspects

United Kingdom, Asset sales & divestitures, Acquisitions & mergers, Newspapers, Newspaper Publishers, Newspaper publishing, Axel Springer Verlag AG, Mirror Group PLC, Article

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Bertelsmann net for 2002 fell 25% on Zomba charge

Article Abstract:

Bertelsmann AG posted a fall of 25% in its net profits for the 2002 year. The company, which was hurt by a charge for its Zomba record label, posted 928 million euros in net profits for the year.

Sales, profits & dividends, PRINTING AND PUBLISHING, Publishing, Publishing Industries, Publishing industry, Finance, Company sales and earnings, Bertelsmann AG, Company earnings/profit

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