News blog

UBC Media

  • BY: Andrew Hore |
  • POSTED: 15/04/2009 |

DC Thomson has increased its stake in UBC Media Group.

The Scottish publisher of the Dandy and Sunday Post originally acquired a 6.4% stake in radio content supplier UBC in 2005 for £2.75m - 25p a share. Some of these shares were bought from Noel Edmonds.

Since then DC Thomson has continued to build up the stake. The latest purchase takes it to 17.2%.

At 3.75p a share, UBC is valued at £7.23m. The sale of the company’s commercial division brought in £9m with the possibility of up to £5.5m more. UBC plans to use the cash to acquire businesses that complement its radio programme production and data services operations. 

© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds