SMG in talks with Deloittes
Media group SMG is in discussions with Deloitte & Touche which could result in the Big Five firm advising the company on finances and cost-cutting measures.
It is understood the company is searching for ways to cut costs and reduce debt as its advertising revenues decline and that Deloitte’s may be asked to examine ways of restructuring SMG’s debt burden.
Callum Spreng, the company’s corporate affairs director confirmed the company was in discussions with Deloitte’s over ‘a specific project’ but refused to say whether talks were about a financial review.
He told AccountancyAge.com the company would ‘not discuss the project outside the company.’
A Deloitte’s spokeswoman said the firm would not discuss client affairs.