Warner Bros. eyes U.K.’s Shed

Shingle produces 'Supernanny,' 'Who Do You Think You Are?'

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.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Biz News from Variety

Loading