‘Flemish publisher,” media house ” wants, Telegraph Media Group buy NU.nl

reported That het Financieele Dagblad (FD) Wednesday on the basis of sources. “Media house”, and TMG were not reachable for comment. TMG is the owner of The Telegraph, Metro and the Independent on Sunday.

According to the newspaper telling insiders that “media house” for the past few weeks consulting with TMG. “Media house” would a bid of 5.25 euros per share, would have bought copies for TMG. The current price is around 3.50 euros. In total, “media house”, 243 million offer for the Dutch group.

Position

“media house” would be with the purchase of the own position in the Netherlands want to strengthen. “Media house”, currently has all of NRC Media and The Observer in the hands. Furthermore, also include The Standard, Newspaper and Gazet van Antwerpen to the titles of “media house”.

A collaboration can lead to benefits for the printing and distribution of the sheets. Also, the cost of investments in ICT and video to be shared.

The results of TMG are under pressure due to the weak advertising market. At the end of July the company announced to re jobs to be eliminated and also locations to close.

The family Van Puijenbroek, that for decades a major shareholder, would be positive about the offer of “media house”. The family has 40 percent of the company in the hands. One of the family members sitting on the board of directors of the company.

Trade

The Dutch Authority for the Financial Markets (AFM), the trade in the Telegraaf Media Group to 13.07 hours shut down. If reason is specified as “pending release”. The pause has not happened at the request of TMG itself. The trade is until “further notice” to shut down. TMG will be available later on Wednesday with an announcement.

The strategy of “media house”, seems to be partly on that of the Flemish competitor, The Persgroep. In 2003, took the company het Parool. Through further acquisitions grew the company into the largest certain big newspaper in the Netherlands. Under more de Volkskrant, Faithful, AD and a number of regional newspapers covered by The School.

By: NU.nl