Petersen has been purchased by EMAP pic, one of Europe's largest magazine publishers, for $34 a share (nearly double its IPO just over a year ago). That works out to a nice, round $1.2 billion.

U.K. broadcaster Channel Four and media group Emap have announced a joint music television venture.

Emap has agreed to sell its consumer magazines and radio businesses to German publisher Bauer for £1.14 billion ($3 billion), but dropped plans to sell its business-to-business unit, hitting ...

NEW YORK -- Primedia Inc. agreed to acquire the U.S. magazine assets of Emap PLC for $515 million (606.6 million euros), ending a disastrous foray into the U.S. by the British magazine publisher ...

Emap Plc agreed to sell its remaining division, the business-to-business unit, to private-equity firm Apax Partners Worldwide LLP and Guardian Media Group Plc for 1 billion pounds ($2 billion ...