Tim Waterstone’s newly created HMV Media Group has appointed
Finsbury as its financial PR consultancy.
HMV Media Group is a merger of Dillons and Waterstones book shops with
HMV record outlets.
Finsbury was initially hired by Tim Waterstone, chairman of the new
company and founder of the WH Smith-owned Waterstones book shops, during
his failed bid to take over WH Smith last year.
The agency will report to Waterstone and the joint chief executives,
Alan Giles, currently managing director of Waterstones and Stuart
McAllister, current chief executive of HMV Group.
Under the terms of the pounds 800 million deal WH Smith has agreed to
sell Waterstones shops for pounds 300 million. Waterstones has an
in-house communications team of two and Colman Getty has been its
retained agency for three years.
The EMI Group is selling its HMV and Dillons shops for pounds 500
HMV UK has retained Coalition for consumer PR for five years and has a
four-strong in-house team headed up by PR manager Gennaro Castaldo.
Dillons is currently reviewing its UK account, which was previously held
by Paskett PR, and uses Walsh PR in Ireland.
Meanwhile, Dillons press and PR manager Ruth Killick is due to leave
Dillons this week to join Penguin Press as head of publicity.