Home
FAQ
Search
Register
Log inBusiness: Sim Land To Sell Kinder Simmers
Business: Sim Land To Sell Kinder Simmers
Thomas on Sat Dec 13 2008, 19:48
It was announced today that Sim Land Ltd. will put it's 26% stake in Kinder Simmers up for sale on the London Stock Exchange on Monday, desperate to find a buyer.
It's the latest bad news for economists at Sim Land, with Jameson Media cutting 1,500 UK jobs on Friday, and announcing that it may be forced to close or sell it's American and European groups. This led to shares at Sim Land on the FTSE 250 to fall 15% within 10 minutes of the news.
Kinder Simmers has been troubled since it's launch earlier this year, when a fall-out with Thompson Media led to many shows axing Kinder from it's production teams.
Defiant boss and 30% shareholder John Kinder has assured the public that the "company will continue to produce shows on the network, just falling viewer ratings have led shares to decline dramatically over the past 7 weeks."
Kinder also announced that profits will be announced this coming week, and may decide on the company's future into 2009.
It's the latest bad news for economists at Sim Land, with Jameson Media cutting 1,500 UK jobs on Friday, and announcing that it may be forced to close or sell it's American and European groups. This led to shares at Sim Land on the FTSE 250 to fall 15% within 10 minutes of the news.
Kinder Simmers has been troubled since it's launch earlier this year, when a fall-out with Thompson Media led to many shows axing Kinder from it's production teams.
Defiant boss and 30% shareholder John Kinder has assured the public that the "company will continue to produce shows on the network, just falling viewer ratings have led shares to decline dramatically over the past 7 weeks."
Kinder also announced that profits will be announced this coming week, and may decide on the company's future into 2009.
Thomas- Semi-Pro
- Posts: 430
Join date: 2008-05-07 
Permissions of this forum:
You cannot reply to topics in this forum