UK's EMAP Explores Sale, Breakup
July 27, 2007 at 5:46 AM (PT)
EMAP PLC says that it has retained CITIGROUP and LAZARD LTD. to review the possibility of selling or breaking up all or part of the UK media giant.
The move comes after EMAP received unsolicited bids for parts of its operations by parties EMAP would not name. EMAP owns the MAGIC and KISS stations in the UK and recently sold its Irish radio stations; it is also a major player in the magazine field.