Jump to content

EVENTS

VIEWPOINT

Volatile equity markets hamper exits strategies
European private equity firms are facing some tough choices in 2010. Having spent much of 2009 focussing on fixing the balance sheets of their portfolio companies, the pressure is on to deliver the internal rate of returns that they promised their investors. In spite of the improving economic environment, exit opportunities remain a challenging proposition.

morning_briefing.gif

tailored_news_feeds.gif

QUICK SEARCH

Find:

exact phrase

Advanced Search

PEOPLE

MySpace CEO steps down after nine months
MySpace CEO Owen Van Natta has stepped down only nine months after joining the company.

SPECIAL REPORT

The importance of being online
Eva Berg-Winters, expert, PricewaterhouseCoopers LLP, explains the impact of the digital revolution on the world of advertising

TODAY'S TOP STORIES 23:08, 10 Mar 2010

DENMARK:  Radio licence auction kicks off

The Danish Ministry of Culture is readying an auction of the country's sixth national FM licence....

FRANCE:  France Télévisions sale under fire

The sale of France Télévisions' advertising arm could become a lengthy affair following fresh accusations that the process goes against the public interest and is fraught with conflicts of interests between the parties involved....

FRANCE:  Bank hired for Le Monde recap

Newspaper publisher Le Monde has reportedly mandated Calyon, now known as Crédit Agricole Corporate & Investment Bank, to carry out its rumoured recapitalisation....

FRANCE:  M6 considers acquisitions

Private broadcaster M6 could use part of the E384m windfall from the sale of its Canal + stake for acquisitions, CEO Nicolas de Tavernost said in a media interview....

GERMANY:  Kabel Deutschland garners PE interest

The drama surrounding the future of German cable network provider Kabel Deutschland (KDG) continues, with the sales and IPO processes seemingly continuing to run side-by-side....

GERMANY:  KPMG kicks off TV Loonland asset sale

German broadcaster TV Loonland is set to put its bankrupt assets on the block, with KPMG handling the asset sales....

GERMANY:  Springer joins content paywall trend

German media group Axel Springer is set to join the online content paywall movement, after it announced a partnership with ClickandBuy....

ITALY:  Bertelsmann exits Italian market

Media group Bertelsmann has pulled out of its Italian joint venture, thereby completely exiting the Italian market....

GERMANY:  Permira committed to ProSiebenSat

Private equity fund Permira told local press that it will retain its stake in German broadcaster ProSiebenSat.1....

GERMANY:  German film production JV

UK-based Pinewood Studios and Germany's Studio Hamburg announced the launch of a joint venture, which seeks to encourage more international feature film production in Germany....

GERMANY:  Centuere takes full control of Channel 21

German investment firm Aurelius has sold its home-shopping broadcaster Channel 21 to peer Centuere AG for an undisclosed amount....

GERMANY:  In-games payment merger

In-game payment provider SponsorPay is acquiring its local rival GratisPay for an undisclosed amount....

GERMANY:  Constantin Medien makes changes to sports assets

German sports channel Deutsche Sportfernsehen (DSF) becomes Sport 1, as of April 11....

ITALY:  Telecom Italia Media considers cap increase

Broadcasting group Telecom Italia Media (TI Media) said it is considering a capital increase among other possible ways to boost the company's value....

SPAIN:  Ono still in refi talks

Spanish cable firm Ono is still in talks with lenders to refinance a E1.8bn piece of debt....

SWEDEN:  Voddler nets further VC funding

Swedish movie streaming start-up Voddler has raised SKr26m (E2.65m) in VC funding from Finland's Eqvitec....

UK:  Trinity snaps up Guardian's regional papers

The Guardian Media Group (GMG) has sold the majority of its regional newspapers, including flagship daily Manchester Evening News (MEN), to Trinity Mirror for approximately £44.8m....

UK:  Reader's Digest UK business enters administration

The UK subsidiary of Reader's Digest collapsed into administration after it failed to secure regulatory backing for a pension scheme funding deal....

UK:  EMI seeks fresh funding through Abbey Road sale

Terra Firma continues to explore new avenues of fundraising for beleaguered music label EMI as it seeks to avoid defaulting on its £2.6m debt burden. The private equity firm is now looking to sell EMI's renowned Abbey Road recording studios, while it...

UK:  INM extends Lebedev Indy talks

Irish media group Independent News & Media (INM) has announced that it has extended the exclusivity period of its ongoing talks with the Evening Standard owner Alexander Lebedev over his potential acquisition of INM's London-based titles, The Indepen...