Media
Radio compcov header

SRH discusses stake sale

Published Monday, Jan 19 2004, 19:36 GMT | By James Welsh
Scottish Radio Holdings has issued a statement to the London Stock Exchange regarding SMG's decision to sell its stake in the company to Emap.

SRH's board said:

"While the sale by SMG is not a surprising development the SRH Board were
disappointed that SMG ignored our offer to assist in placing the shares.
Nonetheless we look forward to a more constructive and mutually beneficial
relationship with Emap.

"SRH's strategy remains to continue to build its strength across radio and weekly
press, grow audiences, circulations and operating margins still further and make
selective acquisitions whilst husbanding the Company's financial resources. The
Group's Board continues to look forward to good prospects during the course of
the year and beyond."
More about these subjects
More: Media, Radio

Top Stories

New DS games
Play this exclusive bingo game with a Bejeweled bonus. £2,500 in Guaranteed Jackpots and free tickets to be won daily, PLUS there’s a huge Progressive Jackpot at stake if you call Full House with a certain number of calls!
S28 T1.8083209991455 {run_id}