Media
Emap's portfolio of radio stations - including London's Magic 105.4 - has been sold to Bauer for £422m in cash.
Emap Consumer Media, which publishes titles including Heat and FHM, has also been sold to Bauer, taking the total transaction value to £1.14bn.
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".
The sole remaining part of the group, Emap Communications, will be operated as a focused to business-to-business operation. In addition to providing information services products, it publishes trade magazines including Broadcast.
Emap Consumer Media, which publishes titles including Heat and FHM, has also been sold to Bauer, taking the total transaction value to £1.14bn.
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".
The sole remaining part of the group, Emap Communications, will be operated as a focused to business-to-business operation. In addition to providing information services products, it publishes trade magazines including Broadcast.
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