company_name = EMAP
company_type = Private (Ltd)
foundation = 1947
revenue = profit/ Turnover £1.154 Billion GBP (2006)
operating_income = profit £223 Million GBP (2006)
London, England, UK
homepage = [http://www.emap.com www.emap.com] |
EMAP is a British media company, specializing in the production of
b2bmagazines, and the organization of business events and conferences. "EMAP" is an abbreviation of East Midland Allied Press - which was founded by Charles Winfrey in the late 1800s when he was trying to get elected as a member of parliament. (He felt by owning local newspapers in and around Boston, Sleaford & Peterborough, he could more easily get his political message across). It transpired that he was a more successful publisher than politician.
The magazine division was really founded on a whim and a hunch when the company's printing presses lay dormant between printing issues of the local papers. The staff gambled that a weekly angling publication would be a hit - and in 1953 Angling Times was born. This was soon joined by another weekly heavyweight when EMAP bought Motor Cycle News from its founder in 1957 for a hundred pounds. It had been launched two years earlier. Both remain in the top 10 profit earners for the company to this day.
The Winfrey family continued to work on the management team of EMAP until the early 1980s and still remain large shareholders.
The company was listed on the
London Stock Exchange. After a period as a constituent of the FTSE 100 Index, it was demoted to the FTSE 250 Indexwith effect from 16 September 2005.
27 July 2007, Emap announced that it was undertaking a review of the structure of the group in response to receiving a number of unsolicited proposals to purchase parts of the company. [cite news | url = http://www.emap.com/press-office-item.asp?Resource=2838 | title = Review of group structure | publisher = EMAP | date = 2007-07-27]
12 September 2007, Emap announced that it had completed the disposal of its Australian consumer magazine division, Emap Australia for approximately £38m to ACP Magazines Ltd. [cite news | url = http://www.emap.com/press-office-item.asp?Resource=2851 | title = Sale of Australian consumer magazines business | publisher = EMAP | date = 2007-09-12]
29 January 2008, Emap completed the sale of its radioand televisionstations to German company Bauer. The remainder of the company was taken over by Eden Bidco Ltd, a company incorporated for the purpose of the acquisition by its owners, the Private Equityinvestment group Apaxand the Guardian Media Groupin late March/early April. [cite news | url = http://www.emap.com/Site-search-item.asp?ContentId=2859 | title = expected timetable of events for emap plc shareholders | publisher = EMAP | date = 2008-01-25] [ [http://business.timesonline.co.uk/tol/business/industry_sectors/media/article3092507.ece Guardian and Apax snap up a fifth of Emap - Times Online ] ]
EMAP operated seven DAB multiplexes and also three jointly owned multiplexes with
UTV. In addition, EMAP Radioowned 40 UK and Ireland local commercial radio stations. On 21 June 2005, EMAP acquired 21 radio stations from its purchase of Scottish Radio Holdings.
Twenty of its local contemporary music radio stations based across the north of the
United Kingdomwere marketed as the Big City Network.
In mid-2007, EMAP sold their Republic of Ireland radio interests to
Denis O'Brien's CommunicorpGroup Limited (other than FM104, which was sold to Communicorp but acquired from Communicorp by UTV Mediaat the same time).
It has 59 magazines in its business-to-business portfolio including
MEED (Middle East Economic Digest), Aesthetic Medicine, Architects' Journal, Architectural Review, Drapers, Health Service Journal, Nursing Timesand Recycling & Waste Management.
Emap's portfolio of radio stations and its Consumer Media has been sold to Bauer for the total transaction value to £1.14bn (subject to shareholder approval) [cite news | url = http://www.emap.com/press-office-item.asp?Resource=2856 | title = Agreements with Heinrich Bauer Verlag KG ("Bauer") to sell Emap Consumer Media and Emap Radio | publisher = EMAP | date =
2006-12-07] [cite news | url = http://www.bauer.co.uk/node/104 | title = H. Bauer Publishing Successful in Bid for Emap | publisher = H. Bauer Publishing | date = 2006-12-07] .
In a statement, Emap said that the decision to dispose of its radio and consumer media divisions was taken to "best position the company to deliver significant long-term value for shareholders".
Historical EMAP Magazines
EMAP ceased publishing many magazines in its history, in particular was a move away from the computing genre during the mid-90s.Here are magazines formerly published by E
*Computer and Video Games
CU Amiga Magazine
Eye magazine– Issue numbers 13–25, 1994–1997.
Nintendo Official Magazine
Sega Saturn Magazine
* [http://www.emap.com Official website]
* [http://www.emap.com/press-office-item.asp?Resource=2838 Break-up announcement]
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