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MEDIA MARKET DATA - World Association of Newspapers

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increase <strong>of</strong> 4.0 percent compared with the figure for 2004, and earnings per share <strong>of</strong> 1.0 euro.AFP; March 8, 2006* * * * *Many shareholders in the Dutch market research and publishing group VNU oppose itstakeover by a group <strong>of</strong> private investors and could block the deal, the Financial Timesreported. The British financial daily said as many <strong>of</strong> 50 percent <strong>of</strong> shareholders hadtold management in preliminary discussions they opposed a takeover on the terms <strong>of</strong> 28.50euros per share. The newspaper quoted Fidelity International, which owns 15 percent <strong>of</strong>VNU, as saying it was "unlikely to support this <strong>of</strong>fer." A second important shareholder,Knight Vinke Asset Management, which controls about two percent <strong>of</strong> VNU, has rejected the<strong>of</strong>fer which "substantially undervalues the company," said the Financial Times. AFP, March9, 2006The NetherlandsMECOM, the investment vehicle <strong>of</strong> the former Mirror Group chief executive DavidMontgomery, tabled a bid for a Dutch regional newspaper on Friday. The newspaper,Limburgs Dagblad, which is believed to be valued at up to €140 million (£96 million), is one<strong>of</strong> the core titles <strong>of</strong> Telegraaf Media Groep, publisher <strong>of</strong> the leading Netherlands newspaperDe Telegraaf. The sale is being handled by ING. Montgomery is also involved in an auctionfor the Rhones-Alpes division <strong>of</strong> the French regional publisher Socpresse, owned by Dassaultmedia group. The sale could be worth up to €350 million.Socpresse and Dassault met yesterday to discuss entering exclusive talks with one party.Mr Montgomery acquired a second German newspaper last month when Mecom paid anundisclosed sum to buy Hamburger Morgenpost from its owners Hans Barlach and JosefDepenbrock. http://business.timesonline.co.uk/article/0,,9071-2019242,00.html; February 1,2006RussiaRussia's state-owned natural gas giant Gazprom is considering purchasing the influentialliberal newspaper Kommersant, a Moscow business daily reported. Negotiations between asubsidiary <strong>of</strong> Gazprom, which has already built up a wide-ranging media empire, "havealready begun" with Kommersant's owner, Georgian tycoon Badri Patarkatsishvili, theVedomosti newspaper said, quoting sources close both to Gazprom and Patarkatsishvili.If confirmed, the deal would extend Kremlin influence over one <strong>of</strong> the last major mediaoutlets in Russia not already owned by Gazprom or the state ahead <strong>of</strong> parliamentary electionsin 2007 and a presidential election in 2008, when President Vladimir Putin is due to stepdown. Patarkatsishvili, an associate <strong>of</strong> fugitive Russian businessman and fierce Putinopponent Boris Berezovsky, is himself wanted by Russian investigators and is conductingnegotiations through an intermediary, Vedomosti said. Vedomosti said that Patarkatsishviliwanted 350 million dollars for the newspaper. Gazprom-media already owns the NTVtelevision channel, a controlling stake in Echo Moscow radio and also the nation's mostestablished daily newspaper, Izvestia. Echo Moscow and Izvestia still retain a degree <strong>of</strong>editorial independence, but have limited impact, while NTV's coverage <strong>of</strong> controversial issuesdiffers little from that <strong>of</strong> fully state-owned, pro-Putin national channels. Russia's oppositionmedia is otherwise reduced to a handful <strong>of</strong> small-circulation Moscow dailies and internet siteslike Gazeta.ru. AFP; April 4, 200670

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