The Week: City News - GMG and Apax in bank talks

Guardian Media Group and Apax Partners are in continued discussions with banks to relax existing covenants for their business-to-business publisher Emap.

Talks to free up cash by renegotiating covenants on Emap's £700 million borrowings are ongoing, but the owners of Emap are also considering pumping cash into the publisher, which produces titles such as Nursing Times.


Become a member of Campaign from just £51 a quarter

Get the very latest news and insight from Campaign with unrestricted access to ,plus get exclusive discounts to Campaign events

Become a member

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an alert now

Partner content