Green looking for City comeback with St Ives offer

Michael Green, formerly one of the big players in ITV, believes that the humble printing industry is going through a digital revolution similar to that experienced in television.

It emerged yesterday that Mr Green, who was ousted in 2003 as chairman-designate of ITV plc, is making an attempt to return in a big way to his business roots in the printing sector, where he made his first fortune. His Tangent Communications is behind a £282m takeover bid for St Ives, which was yesterday rejected because it "significantly undervalues" the company. However the two sides agreed to meet later this week.

Mr Green said: "This is a very exciting industry. It is going from analogue to digital [technology], something I know very well from my days at ITV. Printing is going through a complete sea-change."

He said that computerisation meant that printers were now able to offer customers a much greater range of advanced services.

"Printing presses are now computers with presses attached to them... it is all about data management," Mr Green said.

Tangent, a small operator in the printing sector with a stock market value of £17m, believes that services such as mailshots for direct marketing need to be made more sophisticated. This would mean, for instance, that the mailings are targeted better to the household receiving them.

It is thought that Tangent believes that St Ives is not exploiting the digital opportunities available, and continues to work as an old-fashioned manufacturing business.

Mr Green, who left school with just four O-levels, started a printing business with his brother, making him a millionaire by the age of 21. Then, taking advantage of Thatcherite liberalisation of the commercial television industry in the 1980s, he built his company into a major force in ITV as Carlton Communications.

The crowning glory was supposed to come in 2003 when Carlton agreed to merge with Granada to finally form one ITV company, with Mr Green as chairman. However, a shareholder revolt led to his unceremonious sacking in late 2003.

Since then, Mr Green has re-immersed himself in the printing industry through Tangent, where he works with his two nephews, Nick and Tim.

Mr Green, who has a 45 per cent stake in Tangent, said that he had unsuccessfully tried to buy a number of other printing businesses, including The Stationery Office and FTS, which prints passports. "I like staying in businesses that I know," Mr Green said.

He would have been reminded of another business he knows well last night, when he attended the leaving party for Charles Allen, the former chief executive of ITV and the man who survived the shareholder revolt that ended Mr Green's television career.

Start your day with The Independent, sign up for daily news emails
Life and Style
love + sex A new study has revealed the average size - but does that leave men outside the 'normal' range being thought of as 'abnormal'?
Arts and Entertainment
The Palace of Westminster is falling down, according to John Bercow
voices..says Matthew Norman
Steve Bruce and Gus Poyet clash
Graham Norton said Irish broadcaster RTE’s decision to settle was ‘moronic’
Arts and Entertainment
Jake and Dinos Chapman were motivated by revenge to make 'Bring me the Head of Franco Toselli! '
arts + ents Shapero Modern Gallery to show explicit Chapman Brothers film
Arts and Entertainment
Kurt Cobain performing for 'MTV Unplugged' in New York, shortly before his death
music Brett Morgen's 'Cobain: Montage of Heck' debunks many of the myths
ebooksA special investigation by Andy McSmith
Life and Style
Brendan Rodgers
football The Liverpool manager will be the first option after Pep Guardiola
Amazon misled consumers about subscription fees, the ASA has ruled
Arts and Entertainment
Myanna Buring, Julian Rhind-Tutt and Russell Tovey in 'Banished'
TV Jimmy McGovern tackles 18th-century crime and punishment
Arts and Entertainment
Paul Whitehouse as Herbert
arts + ents
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Recruitment Genius: Sales Executive - OTE £40,000

£15000 - £18000 per annum: Recruitment Genius: This is a great opportunity for...

Austen Lloyd: Law Costs HOD - Southampton

£50000 - £60000 per annum + Excellent Salary: Austen Lloyd: An outstanding new...

SThree: Recruitment Resourcer

£20000 - £21000 per annum + uncapped commission: SThree: As a graduate you are...

Ashdown Group: Junior Application Support Analyst - Fluent German Speaker

£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...

Day In a Page

Syrian conflict is the world's first 'climate change war', say scientists, but it won't be the last one

Climate change key in Syrian conflict

And it will trigger more war in future
How I outwitted the Gestapo

How I outwitted the Gestapo

My life as a Jew in wartime Berlin
The nation's favourite animal revealed

The nation's favourite animal revealed

Women like cuddly creatures whilst men like creepy-crawlies
Is this the way to get young people to vote?

Getting young people to vote

From #VOTESELFISH to Bite the Ballot
Poldark star Heida Reed: 'I don't think a single bodice gets ripped'

Poldark star Heida Reed

'I don't think a single bodice gets ripped'
The difference between America and Israel? There isn’t one

The difference between America and Israel? There isn’t one

Netanyahu knows he can get away with anything in America, says Robert Fisk
Families clubbing together to build their own affordable accommodation

Do It Yourself approach to securing a new house

Community land trusts marking a new trend for taking the initiative away from developers
Head of WWF UK: We didn’t send Cameron to the Arctic to see green ideas freeze

David Nussbaum: We didn’t send Cameron to the Arctic to see green ideas freeze

The head of WWF UK remains sanguine despite the Government’s failure to live up to its pledges on the environment
Author Kazuo Ishiguro on being inspired by shoot-outs and samurai

Author Kazuo Ishiguro on being inspired by shoot-outs and samurai

Set in a mythologised 5th-century Britain, ‘The Buried Giant’ is a strange beast
With money, corruption and drugs, this monk fears Buddhism in Thailand is a ‘poisoned fruit’

Money, corruption and drugs

The monk who fears Buddhism in Thailand is a ‘poisoned fruit’
America's first slavery museum established at Django Unchained plantation - 150 years after slavery outlawed

150 years after it was outlawed...

... America's first slavery museum is established in Louisiana
Kelly Clarkson: How I snubbed Simon Cowell and become a Grammy-winning superstar

Kelly Clarkson: How I snubbed Simon Cowell and become a Grammy-winning superstar

The first 'American Idol' winner on how she manages to remain her own woman – Jane Austen fascination and all
Tony Oursler on exploring our uneasy relationship with technology with his new show

You won't believe your eyes

Tony Oursler's new show explores our uneasy relationship with technology. He's one of a growing number of artists with that preoccupation
Ian Herbert: Peter Moores must go. He should never have been brought back to fail again

Moores must go. He should never have been brought back to fail again

The England coach leaves players to find solutions - which makes you wonder where he adds value, says Ian Herbert
War with Isis: Fears that the looming battle for Mosul will unleash 'a million refugees'

The battle for Mosul will unleash 'a million refugees'

Aid agencies prepare for vast exodus following planned Iraqi offensive against the Isis-held city, reports Patrick Cockburn