The end of Mecom
February 15, 2015
War, controversy, public outcry, murder: Now that Belgium’s De Persgroep is set to buy the remains of what was once Monty’s Mecom a very coulourful chapter of European media history is about to end.
Danish employees are, understandably, reported to be relieved, now that the very drawn-out sales process finally seems to be coming to an end and Dutch competition authorities have given the all clear for Belgian family-owned media company De Persgroep to go ahead with its acquistion of the remains of Mecom, comprised of the Danish media group Berlingske and the Dutch media group Wegener.
However, even though much has been made of the fact that De Persgroep, being family-owned, is a much more "palatable" proprietor than former Mecom-boss David Montgomery (with his reputation as a "consistent cold-blooded cost-cutter") Villamedia.nl reported a few months back that De Persgroep's rein will start with cost-cuts (though these might primarily affect the Dutch operations where there would be major synergies between Wegener and De Persgroep's existing operations).
As for Mecom's colourful history, that's perhaps worth revisiting later: but it's fascinating to think about how much has happened these last eight media years...