Top Right Group, formerly Emap, has sold its three main media titles to Media Business Insight, a management buyout headed by former Broadcast editor Conor Dignam. The three are Broadcast, Screen (film) and Shots (commercials).
We don’t know how much Conor paid for them but I bet it’s not as much as Emap has lost.
Back in the day Emap bought a monthly magazine called Commercials from (among others) me and proceeded to make a right mess of it. Commercials was rolled in to a division called (rather inappropriately) Emap Vision.
Vision consisted of about half a dozen monthlies and Television Week, a start-up aimed at Broadcast (then owned by someone else). In the first year I was at Emap Television Week lost an eye-watering £7m, which rather outweighed any contribution the monthlies made. Television Week was folded into Broadcast, which cost rather more than £7m when Emap finally got its mitts on it.
Emap also had its eyes on Screen (then owned by someone else) which made buckets of money, nearly all of it from a number of issues around the Cannes Film Festival.