confirm That TMG and “media house” 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”.
The parties are prepared from 5.25 euros per share in cash down to count for TMG. That is 51 percent more than the closing price of TMG on december 13. The amount is only an indication and is not fixed yet. “Media house”, and the investeringspartij have TMG in August already approached with a proposal.
Access
The media group has the offeror parties access shall be given specific information needed for the valuation of TMG. VP Operation at this time is already an interest of more than 40 percent in TMG. It is the investment of the family Van Puijenbroek.
The board of commissioners and board of directors of TMG say the bid carefully to consider and assess. The councils will this scenario 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.
In the last handelsminuten lap, the share of TMG by almost 50 percent. The stock eventually went 43,8 percent higher to trade at 5 euros.
Position
“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”.
“media house” with the purchase of the own position in the Netherlands to further strengthen. “The goal is to come up with a leading multimedia company, in the long term continues to be successful on the Dutch-Belgian market”, according to “media house”, in a press statement. “The Telegraph therein his own strong course.”
“We believe very much in the power of contemporary nieuwsmerken, in any form whatsoever, journalistic content is created by our own editorial staff,” says CEO Gert Ysebaert of “media house”. He further states that “substantial investment” necessary for a successful multimediastrategie from the profit of “media house”, can be paid.
Future
“We are convinced that the future of TMG is best assured in a partnership with “media house”,” let director Guus van Puijenbroek of VP Operation.
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 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.
The Dutch Association of Journalists (NVJ) let know in a comment that a possible merger 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
The Flemish editor-in-chief Peter Vandermeersch of NRC handelsblad argues that TMG happy with a takeover by “media house”. the “ “media house”, has a heart for his products and has experience with the making of newspapers is that readers want”, says Vandermeersch.
According to Vandermeersch 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 TMG according to the Association of Stockholders (VEB) is likely to be very happy with the bid. Deputy director Errol Keyner of the VEB says that they “from their suffering” to be redeemed.
“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 the proposal is a very big chance of success. Keyner suspect that the Belgians “the right recipe” to value from TMG to presses.
Keyner does not think that the merger of opposition 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.
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