Emap committed to 'growth not sale'
ALUN Cathcart, the executive chairman of Emap, has insisted the board is committed to "building and not breaking up" the struggling media group as full-year profits plunged 13 per cent. Five days after Tom Moloney left as Emap chief executive, Cathcart dismissed mounting speculation that a takeover of the gossip magazines Heat and Grazia and the radio station MagicFM was on the cards.
Underlying revenue across the business fell 1 per cent to 1 billion, while pre-tax profits dropped 13 per cent to 193 million. Shareholders will pick up a full-year dividend of 31p per share, up 3 per cent.
- Family mourn death of Glasgow ‘fight’ schoolboy
- Rangers takeover: Duff & Phelps threaten legal action against BBC
- Today’s youth not fit to be employed, says car firm Arnold Clark
- Rangers administration: Fans fear Duff & Phelps claims could scare off Green
- Rangers takeover: triple penalty punishment enough, says Johnston
- Alistair Darling leads ‘No to independence’ fight over tea and biscuits
- Scottish independence: SNP flip-flops over Nato
- Scottish Independence: SNP ‘won’t be Yes campaign’s only voice’
- Today’s youth not fit to be employed, says car firm Arnold Clark
- Scottish independence: ‘People here are best qualified to run Scotland’
Looking for...
Featured advertisers
Jobs
Search for a job
Motors
Search for a car
Property
Search for a house
Weather for Edinburgh
Saturday 26 May 2012
Today
Sunny
Temperature: 9 C to 20 C
Wind Speed: 16 mph
Wind direction: North east
Tomorrow
Sunny
Temperature: 12 C to 22 C
Wind Speed: 10 mph
Wind direction: North east

