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AccessMyLibrary    Browse    D    Daily News (New York, New York) (via Knight-Ridder/Tribune Business News)    MAY-01    British Media Firm May Sell Its U.S. Magazines.

British Media Firm May Sell Its U.S. Magazines.

Publication: Daily News (New York, New York) (via Knight-Ridder/Tribune Business News)

Publication Date: 30-MAY-01
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COPYRIGHT 2001 Daily News

Byline: Paul D. Colford

May 30--British media giant Emap set the stage for a possible fire sale of its U.S. magazines, acknowledging that the 130 titles it bought for $1.5 billion two years ago were worth less than half that today.

The Emap USA magazines -- beset by "difficult trading conditions," including a 6 percent decline in auto advertising and a 14 percent drop in circulation revenue -- have been on the block...

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