Warner Bros. Entertainment is in talks to buy U.K. TV company the Shed Media Group, producer of “Supernanny” and “Who Do You Think You Are?”
According to a statement issued by Shed on Monday, Warner Bros. is “working with certain members of Shed management” on a deal, but there is “no certainty that an offer will be made nor as to the terms on which any offer might be made.”
Shed Media, which has a market capitalization of about £70 million ($104 million) and owns a number of shingles including Wall to Wall, Ricochet and Twenty Twenty, had previously been the target of a management buyout, which was backed by private equity groups Bowmark Capital and Darwin Private Equity. These talks ended June 9.
In April, Shed reported revenue of $137 million for 2009, up 13% on the previous year, and operating profit of $18.3 million, which was level with the 2008 result. Warner Bros. declined to comment.