EMAP ANNOUNCED today it is selling the company's magazine and radio businesses to German publishing group Heinrich Bauer for £1.14bn.
The company, which produces a variety of two-wheeled publications as well as a plethora of other stuff, also announced this morning that it will not sell its business-to-business arm, which includes trade magazines and exhibitions.
The company added in a statement: "Following the disposal of Emap Consumer Media and Emap Radio, Emap will be a focused b-to-b business. As part of the overall review, Emap assessed all options for Emap Communications, including a possible disposal. However, the board believes that the best value for shareholders will be achieved through continuing to operate this focused business on a standalone basis and, accordingly, the board has terminated all discussions with parties interested in Emap Communications."
Emap put itself up for sale in July following faltering share prices.
Company BMWs all round then?