British media group Emap, which recently announced plans to sell or break up the business, said on Thursday it would be giving information to interested suitors on a confidential basis in the next few weeks.
The company, which owns regional buisness titles Middle East Economic Digest (Meed) and AME Info, also said trading since its last update had been encouraging, with its business-to-business division continuing to deliver strong underlying revenue growth.
Radio was performing well, though revenue growth remained challenging in its consumer magazine markets, Emap added.
Emap said it is increasingly confident cost-cutting moves launched last year will deliver benefits earlier than anticipated.
The company announced on July 27 it was considering a sale or break-up after its underperforming shares and the departure of its chief executive attracted a range of unsolicited approaches.
Emap has previously said it is unlikely to individually sell off weekly magazine Meed and website AME as part of the potential break-up of the company.
However, Emap has not ruled out the two titles being offloaded as part of a broader sale of its business-to-buisness division that they are part of.
The company said on Thursday suitors have expressed interest in all parts of the group, adding the search for a new chief executive was continuing.
An update on the bidding process and review of the group’s structure was expected to be given on November 13 when the company publishes interim results, Emap said. Before then, the company is scheduled to post a trading update on September 27.
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