United Kingdom

Details

  • Industry: Media
  • Type: Press release
  • Date: 30/10/2012

Mergers will offer media businesses more options and capital to invest into new, radical business models 

 

David Elms, KPMG’s UK head of media comments on the back of the planned mergers between Random House and Penguin and the acquisition of Northcliffe, the regional division of the Daily Mail and General Trust, by Yattendon, a media and property group:

 

“The pace of consolidation in the sector is definitely accelerating, a few years ago the alliances and partnerships that are being formed today would have been unthinkable.”

 

“The simple truth is, the fast growing competition from digital has forced consumer publishing businesses into challenging their business models and making tough choices.”

 

“The proposed alliances will not only enable the businesses involved to share costs and streamline many of its business processes. They will hopefully give them more capital and more options to invest into new business ventures as the media industry continues on its unstoppable shift from print to digital delivery.”

 

ends

 

 

For further information please contact:

 

Katrin Boettger, Senior PR Manager

Tel: +44 207 896 4232 / 0782 4475168

Email: katrin.boettger@kpmg.co.uk

 

About KPMG:

 

KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with over 11,000 partners and staff.  The UK firm recorded a turnover of £1.7 billion in the year ended September 2011. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 152 countries and have 145,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  KPMG International provides no client services.

 

 

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