TV

Shed Media exec directors confirm buyout talks

Shed Media has confirmed that its executive directors have had preliminary talks with private equity firms concerning a possible buyout.
July 30, 2009

Shed Media has confirmed that its executive directors have had preliminary talks with private equity firms concerning a possible buyout.

‘The company notes the press speculation that it is holding talks with private equity houses with a view to a potential ‘de-listing’ of the company,’ said Shed Media via a press statement. ‘The company confirms that it has not received any further approaches from executive directors. However, executive directors have confirmed that they have held preliminary talks with a number of private equity houses, and continue to explore the possibility of making an offer for the company.’

Last year, a consortium that included Shed exec directors put forward a buyout approach, but it was struck down in February. One of the primary opponents to the sale was non-executive chair Katherine Innes Kerr, who left the post in March.

The content production group, which expanded into the US and most recently, Scotland, is home to four media companies: Ricochet, Twenty Twenty, Wall to Wall and Outright Distribution.

About The Author
Barry Walsh is editor and content director for realscreen, and has served as editor of the publication since 2009. With a career in entertainment media that spans two decades, prior to realscreen, he held the associate editor post for now defunct sister publication Boards, which focused on the advertising and commercial production industries. Before Boards, he served as editor of Canadian Music Network, a weekly music industry trade, and as music editor for HMV.com. As content director, he also oversees the development of content for the brand's market-leading events, the Realscreen Summit and Realscreen West, as well as new content initiatives.

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