Banijay Signals Desire To Slash Sales Arm Following All3Media Mega Merger
📖 Full Retelling
The merged Banijay-All3Media business will prioritize “eliminating duplication” in distribution and sales, as part of cost-saving plans attached to the deal. During an investor call this morning, Banijay Group CEO François Riahi was clear on the plan to find €50M ($59M) in synergies within 12 months of the deal closing this fall, as he called […]
Entity Intersection Graph
No entity connections available yet for this article.
Original Source
The merged Banijay – All3Media business will prioritize “eliminating duplication” in distribution and sales, as part of cost-saving plans attached to the deal. During an investor call this morning, Banijay Group CEO François Riahi was clear on the plan to find €50M ($59M) in synergies within 12 months of the deal closing this fall, as he called the RedBird IMI -owned All3 “a great company that we have been aiming for several years.” “These synergies are broadly split into three areas,” he added. “First, increased coordination across distribution and sales, eliminating duplication and improving commercial efficiency.” Related Stories News Jeff Zucker & Marco Bassetti On $8B Banijay-All3Media Merger: "This Is The World's Largest Independent Media Content Company"
Read full article at source