News: Mecom Group PLC (MEC.L)

MEC.L on London Stock Exchange

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24 Jul 2014
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Mon, Jun 30 2014

UPDATE 2-Belgium's De Persgroep to buy Mecom Group for 196 mln stg

* Belgium's De Persgroep to buy Mecom for about 196 mln stg

CORRECTED-UPDATE 1-Belgium's De Persgroep to buy Mecom Group for 196 mln stg

(Corrects designation in paragraph 4 to chairman, from CEO)

Belgium's De Persgroep to buy Mecom Group for 196 mln stg

June 30 - European newspaper publisher Mecom Group Plc said it had reached an agreement to sell itself to Belgium-based media group De Persgroep NV for 196 million pounds ($333.5 million).

BRIEF-De Persgroep makes cash offer for Mecom group

* Recommended cash offer for mecom group plc by De Persgroep publishing n.v.

UPDATE 1-European publisher Mecom's profit rises as cost cuts pay off

* Shares rise as much as 6.4 pct in early trade (Adds details, share movement, background)

Publisher Mecom hurt by fall in Dutch, Danish ad revenue

April 24 - European publishing company Mecom Group Plc said its first-quarter revenue fell due to a decline in advertising revenue in its largest markets - the Netherlands and Denmark.

BRIEF-Mecom Group first-quarter EBITDA 5.2 mln euro higher than last year

* Group EBITDA in Q1 of 2014 was eur 5.2 million higher than in equivalent period in 2013

BRIEF-Mecom revenue falls 11 pct to 807.9 million euros

March 18 - Mecom Group PLC : * FY advertising revenues down 21 percent to 287.8 million euros * FY total revenue down 11 percent to 807.9 million euros * FY continuing group adjusted earnings per share of 30.1 euro cents (2012: 24.3 euro cents) * Says given continuing pressure on revenue and cash costs of restructuring, no resumption of dividends in respect of FY 2014 * FY adjusted EBITDA of 87.9 million euros (2012: 87.5 million euros) * FY circulation revenue down 4 per cent to

BRIEF-Mecom signs new banking facilities totalling 140 mln euros

March 18 - Mecom Group PLC : * Signed facilities agreements for two new stand-alone banking facilities

BRIEF-Mecom confirms sale of subsidiary LMG to Concentra

Feb 14 - Mecom Group PLC : * Statement regarding limburg media group * Remained in discussions regarding the potential disposal of its operating subsidiary in Limburg * Confirms it has reached a preliminary, but non-binding, agreement with Concentra N.V. concerning sale to Concentra * Source text for Eikon: * For more news, please click here

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