Emap sells consumer media titles to Bauer
Emap Consumer Media has been sold to Bauer for £1.14 bn.
This portfolio includes titles such as Heat and FHM. Emap Communications will operate as the sole remainder of the group, focusing on the business-to-business market.
A spokesperson for Bauer said: “We are delighted to have finally crossed the finishing line. We believe that the addition of Emap will give all of us new opportunities to develop the business and to find new ideas. Together we will match future opportunities and challenges.”
[lnk|http://www.featuresexec.com/publications/publisher.php?pubid=6763|_self|Bauer]
[lnk|http://www.featuresexec.com/publications/publisher.php?pubid=4006&hilight=emap|_self|Emap]