United reviews its US IR needs

United News and Media, owner of the Express newspapers, is reviewing its investor relations arrangements in the US following its acquisition of New York-based hi-tech publishing group CMP Media earlier this year.

United News and Media, owner of the Express newspapers, is

reviewing its investor relations arrangements in the US following its

acquisition of New York-based hi-tech publishing group CMP Media earlier

this year.



United does not currently have a financial PR agency in New York, but

its three-strong London communications team, headed by Ricardo Tejada,

handles US issues.



The media firm’s London PR is handled by Cardew and Co, whose consultant

Richard Saunders previously headed communications in-house for

United.



Cardew’s account is not up for review.



United is understood to have had discussions with both Brunswick and

Shandwick, both of which were unavailable for comment, and is

considering several options, including appointing a US financial PR

agency.



United News and Media bought CMP - which produces computer trade

magazines - in March for pounds 570 million. CMP was merged with

United-owned trade publishing arm Miller Freeman.



United News and Media makes nearly half its profits in the US. The

group’s other UK interests include the Daily Star, Anglia TV and HTV, a

majority stake in Meridian and a 29 per cent in Channel 5.



Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in

Would you like to post a comment?

Please Sign in or register.