MEDIA MARKET DATA - World Association of Newspapers

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to divulge further details. http://www.agencyfaqs.com/news/stories/2006/02/14/14183.html;February 14, 2006New ZealandAustralian-based media company John Fairfax Holdings said it has agreed to buy NewZealand Internet auction site Trade Me for 700 million dollars (466 million US$). Fairfax,which owns major newspaper and magazine titles in both Australia and New Zealand, said thecash purchase of New Zealand's most visited website was part of the company's increasingfocus on the Internet. "The acquisition of Trade Me reshapes Fairfax's earnings and businessmix as part of our more aggressive push into the Internet in all the markets in which weoperate," Fairfax chief executive David Kirk said. "As a result of our successful onlineinvestments, we are now a significantly more diversified media company," he said. Thepurchase price is 26.5 times earnings before interest, tax, depreciation and amortisation(ebitda) for the current financial year and about 15 to 16 times forecast ebitda for the 2007financial year. Trade Me was founded by Sam Morgan in 1999 and has become a hugesuccess in New Zealand, hosting auctions for general goods, motor vehicles and properties.The site has 1.2 million members and 35 million auctions are expected to be held this year,Fairfax said. Morgan will continue to run the business for one to two years and Fairfax has noplans to change the way it runs, Kirk said. "There's not a lot we can do to improve the way thebusiness has been run and developed," he said. The purchase, to be funded through a mixtureof debt and equity, would "very materially" increase Fairfax's Internet earnings, he said. AFP;March 6, 2006RussiaNorwegian Schibsted has acquired 66.7 percent in Regional Independent Newspapers Co., theowner of St. Petersburg Moy Rayon (My District) newspaper network. The company’sintention to funnel $7.7 million to the project and to launch the newspaper in Moscow signalsthe investment potential of the printed media market in Russia has not expired. Schibsted paid$3.3 million for 66.7 percent in Regional Independent Newspapers, said Moy RayonMarketing Director Alexandra Skachkova. Around $4.4 million will be invested in promotingMoy Rayon before late this year. Schibsted’s interest in Russia roots in the lucrativedevelopment of the country’s media market, where the printed advertising gained 16 percentpast year, having climbed from $1.2 billion to $1.39 billion, according to Association ofRussia’s Communication Agencies. Backed up by Norwegian funds, Skachkova said, MoyRayon is expected to emerge in Moscow before late this summer and to expand in St.Petersburg by covering the region and creating an Internet-portal. Moy Rayon Weekly hasbeen released since October 15, 2002; its audience is 605,600 people; weekly circulation –360,000 copies. It is distributed in 13 regions of St. Petersburg. And it is not just promotion,Moy Rayon is rather a community newspaper with the editorial articles covering 60 percent ofit. http://www.kommersant.com/page.asp?id=661217; March 28, 2006SloveniaGerman group WAZ has signed a joint venture agreement with the leading Slovenianpublisher DZS. They will run a 50/50 operation. WAZ has brought into the venture its 51.6%stake in daily newspaper Dvenik in which Austrian Styria owns 26%. Total investment byWAZ in this deal is estimated at € 15 million. ANIMA Newsletter, May 22, 200668
United States of AmericaAmerican media minnow McClatchy jumped from eighth place in the US newspaper marketto second with the $4.5bn (£2.6bn) acquisition of larger rival Knight Ridder, owner of the SanJose Mercury and Philadelphia Inquirer. The deal sounded a note of confidence in the USlocal newspaper market where advertising revenue has been coming under intense pressurefrom online alternatives such as Google. McClatchy, based in Sacramento, California, beatprivate equity bidders including Texas Pacific for Knight Ridder after it was put up for salefollowing investor unrest about its poor performance. The deal, which is not expected to leadto job losses among journalists, ends an independent history stretching back 114 years butwill net Knight Ridder's 65-year-old chairman and chief executive, Tony Ridder, more than$100m. McClatchy, which is paying in cash and shares for the company and assuming $2bnof debt, plans to sell off a dozen of Knight Ridder's 32 newspapers including the Inquirer andMercury as well as The Philadelphia Daily News, because it does not believe it can increasesales of the titles. It is selling other papers, such as the St Paul Pioneer Press in Minnesota, forregulatory reasons. McClatchy, which owns a dozen daily papers including The SacramentoBee, bought the Star Tribune in Minneapolis nine years ago. Knight Ridder came underpressure late last year from Florida-based Private Capital Management, which owns almost afifth of the business and is a shareholder in McClatchy, to improve its performance or putitself up for sale. The combined group will have 32 daily newspapers and 50 non-dailypublications, after McClatchy's planned sell-off, with a combined daily circulation of about3.2m. It will be the second largest US newspaper publisher in circulation terms, behindGannett, whose 91 papers have 7.3m daily paying readers. "This deal is a vote of confidencein the newspaper industry," said McClatchy's chairman and chief executive, Gary Pruitt. "Westrongly believe that good journalism is good business... Although audiences get news inmany new ways today, the appetite for independent, useful information is greater than ever,and the opportunities for a news company that meets these needs are unlimited." Others havebeen seeking to prop up newspaper businesses with new revenue streams. The WashingtonPost bought an educational publishing business while EW Scripps, owner of Denver's RockyMountain News, has moved into cable TV. Knight Ridder was formed by the merger 32 yearsago of Knight Newspapers and Ridder Publications. Ridder dates from 1892 when HermanRidder bought the German-language Staats-Zeitung in New York. Knight Newspapers wasfounded in 1933 by John Knight after he inherited the Akron Beacon Journal from his father,who had bought it 30 years before. McClatchy, which is still controlled by the McClatchyfamily, can trace its lineage back to the founding of The Sacramento Bee in 1857.http://media.guardian.co.uk/site/story/0,,1730431,00.html; March 14, 2006Takeover BidsThe NetherlandsDutch market research and publishing group VNU, a leading company in its sector, said ithad accepted a takeover bid worth 7.5 billion euros (8.9 billion dollars) from a consortium ofprivate investment companies. The consortium comprises investment funds AlpInvestPartners, Blackstone, Carlyle, Hellman and Friedman, Kohlberg Kravis Roberts and Co., andThomas H. Lee Partners. The offer, priced at 28.75 euros per share, must be accepted byshareholders for the sale to be completed, VNU underlined. VNU said that the consortiumintended to keep the company together as an integrated firm and pursue its existing long-termstrategy. VNU is a market research group, a publisher of trade magazines and a leadingsupplier of audience measurement information for television, film, radio, and newspapers.VNU also unveiled full-year results for 2005 that showed sales at 3.45 billion euros, an69
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MEDIA MARKET DATA - World Association of Newspapers

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