Supernanny maker's profits hold firm as takeover talks continue

The maker of hit television shows 'Supernanny' and 'Who Do You Think You Are?' today said talks over a potential sale were “advancing” as it reported back after a tough year for the broadcast sector.

Shed Media held underlying annual profits at £12m (€13.7m), compared with £11.9m (€13.6m) in 2008, and said 2010 had started well despite ongoing challenges in a market hit by cutbacks due to plunging advertising revenues.