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
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
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
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.