Shed Media, the UK producer which Time Warner wants for £100 million, has announced a 22% rise in first-half profits to £6.2 million ($4 million). Turnover was also up 27% in the first six months to £59 million. This broke down into £25.5 million from its UK production business, £26.2 million from U.S. production and £7.3 from programmes sales. Chairman Heather Rabbatts singled out the launch of the U.S. version of Who Do You Think You Are? and the continued success of Supernanny in the States as factors behind Shed Media U.S. growth. The Time Warner/Shed Media deal looks set for mid-October.
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Shed Media Profits +22% Before TW Deal
Warner Bros Buys Shed Media For $159M
UPDATES Zodiak Could Wreck Warner/Shed Deal
As predicted, Warner Bros is set to buy Brit TV production company Shed Media, maker of such programmes as Supernanny and The Choir, for around £100 million ($159 … Read More »
Zodiak Could Wreck Warner/Shed Deal
Paris-based Zodiak has bought an 8% stake in UK independent TV producer Shed Media. Another 2% more and Zodiak could stymie Time Warner, which is trying to buy Shed. Cyrte Investments, the investment company of Endemol-founder John De Mol, sold … Read More »

