That confirms TMG Wednesday after posting by het Financieele Dagblad (FD). TMG is the owner of The Telegraph, Metro and the Independent on Sunday. TMG speaks of “an unsolicited, non-binding conditional proposal”.
“media house”, is prepared from 5.25 euros per share down to count for TMG. The current price is around 3.50 euros. In total, that would result in an amount of about 243 million euros. The company has a “media house”, access shall be given specific information needed for the valuation of TMG.
The board of commissioners and board of directors of TMG say the bid carefully to consider and assess. The councils will that scenario to compare with the stand-alone strategy and possible strategic alternatives.
The Dutch Authority for the Financial Markets (AFM), the trade in TMG to 13.07 hours shut down. As a reason was specified “pending release”. The pause has not happened at the request of TMG itself. At 17.05 hours the trade resumes.
Position
“media house” with the purchase of the own position in the Netherlands to further 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 the majority shareholder, according to the newspaper are 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.
The School
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.
NVJ
Dutch Association of Journalists (NVJ) let know in a comment that a possible acquisition in the long term could be bad for the pluralism of the media landscape. But the NVJ also see benefits.
“It is a company on content and no investor that is a quick profit is,” says NVJ secretary Thomas Burning. “It is a company that vision.” Burning fear, however, that it is difficult for The Telegraph. The newspaper has a substantial reorganisation behind the back and is still busy with the integration of the regional titles.
Burning sees it as a disadvantage that two Belgian companies, the Dutch dominate the market. Not in the last place, because freelancers therefore have less to say.
NRC
“As the Telegraph Media Group are indeed inherited by the Flemish media group “media house”, the company may there be happy”, explains the Flemish editor-in-chief Peter Vandermeersch of NRC. “ “media house”, has a heart for his products and has experience with how to create newspapers that readers want.”
According to Vandermeersch, the Dutch media, in contrast to the Flemish media, long-time lazy. “In Flanders, the media market is small, and there is already a time ago hard-fought for the favor of the consumer. So there is more experience with how to create newspapers that readers want.”
He believes that, for example, de Volkskrant much better is has become since the Flemish media group De Persgroep for the say.
Shareholders
Shareholders of Telegraaf Media Groep (TMG) will probably be very happy with the bid that the Belgian “media house” would have done on the Dutch media company. According to deputy director Errol Keyner of the Vereniging van Effectenbezitters (VEB) are they “out of their suffering”.
“This bid offers a great escape for shareholders from a company with a zwalkend policy and an implausible strategy to make money. It remains of course very difficult to earn money in the market in which TMG operates,” says Keyner.
Keyner think that behind the scenes, though an agreement is concluded between “media house” and the family Van Puijenbroek about a takeover. It will, according to him, a friendly bid of the Belgians, with very high probability of success. According to Keyner have the Belgians as possible, “the right recipe” to value from TMG to presses.
Keyner does not think that the acquisition of objection will come from the Authority Consumer & Market (ACM). According to the VEB-deputy director, there will be enough competition in the Dutch media landscape is about as TMG in Belgian hands would fall.
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