The Week: City News - GMG ponders Emap bid

Guardian Media Group and the French group Lagardere have joined the list of prospective buyers of Emap, according to The Observer.

GMG has reportedly discussed a joint bid with the private equity group Apax for some of Emap's radio assets, while Lagardere, the owner of Hachette Filipacchi, is likely to be interested in its portfolio of consumer and business-to-business magazines. The German publisher Gruner & Jahr, which was also named in the report, has since ruled itself out of any bid.