Stephen Glover: £40m sale of family silver may not go far at ‘The Guardian’

The Guardian may now be housed in fancy offices near Kings Cross, complete with their own theatre, but its spiritual home is Manchester. There, some hundred years after it was founded in 1821, the paper joined forces with the Manchester Evening News. The usually loss-making Guardian was for years subsidised by the profitable afternoon newspaper.

Swedes take aim at Springer

EQT, a Swedish private equity group, is the favourite to win a €500m (£425m) stake in Springer Science and Business Media, a German publishing house.

Bradford quits as Emap manager

The Beleaguered publishing group Emap, which is owned by Guardian Media Group (GMG) and the private equity company Apax Partners, has been hit by the departure of one of its senior managers, after just a year.

BB publishers buck downward trend with profit jumps

Emap and Incisive Media, the trade magazine publishers owned by private equity giant Apax, are understood to have made surprise profit jumps last year. Retail Week and Local Government Chronicle publisher Emap is believed to have made about £100m pre-tax profit for the 12 months to the end of March, a marginal increase on 2008-09. Turnover was approaching £300m. Incisive, which is struggling with a £400m debt burden, is understood to have made earnings before interest, taxation, debt and amortisation – a key profit calculation – of nearly £50m, up from about £36m in 2007.

Cash approach for Informa as merger talks end with UBM

United Business Media (UBM) announced the breakdown of merger talks with Informa last night, as Informa put out a statement confirming an approach from a third party offering cash.

Charterhouse swots up on Reed's business

Charterhouse, the private equity owner of the Times Educational Supplement (TES), has emerged as a possible bidder in the £1.25bn race for New Scientist publisher Reed Business Information (RBI).

Mixmag - It's not just about drugs and bikini-clad women

How 'Mixmag' turned the tables on its doubters and made its 25th birthday. By Tim Walker

Apax edges away from £1.25bn Reed bid

Apax has cooled its interest in the £1.25bn auction for Reed Business Information (RBI), the publisher. Rivals United Business Media and Informa have already indicated that they are not interested in the auction.

GCap opens books to Global as investors back increased offer

GCap, the media group that owns Capital Radio and Classic FM, agreed yesterday to open its books to Global Radio, the radio company that has been stalking it for several months.

Global Radio given five weeks to make formal offer for GCap

Global Radio has been given five weeks by the Takeover Panel to make a formal offer for GCap Media or walk away.

David Prosser's Outlook: A sad end to 250 years of Equitable Life

Sports Direct cashes in on Nike; Emap's U-turn for shareholders

Emap to sell business publishing unit after all

In a dramatic U-turn, the board of Emap yesterday agreed to sell its business-to-business publishing unit to Guardian Media Group and the buyout giant Apax Partners for 1bn, at least 300m less than it had been expected to fetch.

Palestinian militant killed in Gaza raid

Palestinian militants vowed today to avenge Israel's assassination of the Hamas government's top security chief, an attack that threatened to ignite large-scale violence between the two sides.

Fuerzabruta, Roundhouse, London <br/> Sit And Shiver, New End Theatre, London

After a two-year closure and a £30m refurbishment, the Roundhouse is back in business as a handsomely equipped arts centre. It is marking the occasion with the ultimate in wild reopening parties. Fuerzabruta ("Brute Force") is the creation of a splinter group from the Argentinian company De La Guarda, which gave the venue one of its biggest hits with Villa Villa in 1999.

The Investment Column: Advertising risks make Emap just a hold

Topps Tiles; The Innovation Group
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Ankara accused of exacerbating racial division by allowing Turkmen minority to cross the border
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