Media Square's new boss takes drastic action.
Investors Chronicle - magazine and web content, November, 2007
Media Square's new chairman is aiming to turn the company around Nigel Bolitho
One day Media Square will be a case study for aspiring MBAs on how not to expand a business. It joined Aim as a shell in 2000 and, within five years, had acquired more than 50 subsidiaries including a host of unrelated businesses bought from Huntsworth for a whopping GBP63m in November 2005.
The mess has been left to new executive chairman, Roger Parry, (the sixth chairman in six years) to sort out and he seems to be making a decent fist of it. When he joined in July 2007, the company was "floating around in a corporate cloud" and a third of its then 32 subsidiaries were lossmaking or operating at no better than breakeven. That number is being cropped and divided into...
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