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
Daniele Alcinii is a news reporter at realscreen, the leading international publisher of non-fiction film and television industry news and content. He joins the rs team with journalism experience following a stint out west with Sun Media in Edmonton's Capital Region, and communications work in Melbourne, Australia and Toronto. You can follow him on Twitter at @danielealcinii.

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