Scrutineer: Smg Living On Borrowed Time As Vultures Circle

Summary

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CHRYSALIS boss Richard Huntingford was unusually outspoken for a chief executive yesterday. Although it was maybe not his place to say, he predicted that SMG could be heading for the corporate graveyard.

Some would say this is a case of sour grapes. Huntingford has a thing for SMG's Virgin Radio, but the Glasgow firm won't let him have it. At the same time, the radio industry is buzzing with merger activity. If Chrysalis can't find a partner, it could be left by the wayside.

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Scrutineer: Smg Living On Borrowed Time As Vultures Circle

But regardless of his motives, is Huntingford right? The harsh truth is that he may well be. SMG is in a strong position. Its debt- pile has been much reduced, while its focus on organic growth seems to be...

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