RUMOR MILL
Back to Rumor Mill >
Monday, August 13, 2018

IS NIELSEN HEADED FOR THE SALES BLOCK?

The investment company Elliott Management Corp. has taken a significant stake in Nielsen Holdings with the intention of getting the TV ratings and music sales company to sell itself, The Wall Street Journal has reported.

The hedge fund owns 8.4% of Nielsen, which owns the former SoundScan music sales and streaming tracking company. Its stake is worth about $660m.

Nielsen has a market value of almost $8b, but is the S&P 500’s third-worst performer in 2018; its shares have dipped about 40% this year. The company had a weak second quarter and revenue estimates for the year have been lowered. In addition, CEO Mitch Barns has already announced he is leaving at year’s end.

Nielsen has mentioned selling a portion of its business but the Journal reports that Elliott is pushing for a review that would result in sale of the whole kit and caboodle.

Private investment groups have shown interest in information-services companies recently, provided the price is right. Nielsen was a private company beginning in 2006 and went public in 2011.

 
BACK TO RUMOR MILL
 
HITS LIST BLASTS OFF
Space is the place for Tay. (4/26a)
Check It Out Now
SONG STREAMS: SWIFT SETS STREAMING RECORD
What did you expect? (4/26a)
Check It Out Now
SPRING BREAKOUTS: THESE HEATERS ARE STILL HOT
Who's Boomin who. (4/26a)
Check It Out Now
SONG REVENUE: “SWEET” SMELLS OF SUCCESS
Life after "Church" (4/26a)
Check It Out Now
STAGECOACH: SETS TO SEE AND PLACES TO BE
Saddle up, cowboys and cowgirls. (4/26a)
Check It Out Now
THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)

By clicking submit you are agreeing
to Terms and Conditions