Whisper group explores sale options with KPMG involvement

Whisper Group, a television production company based in the UK, has initiated talks regarding a potential sale. It was founded in 2010 by broadcaster Jake Humphrey and former racing driver David Coulthard. Whisper has gained recognition for its work, notably winning a BAFTA for its coverage of the Women's Euros in 2022. The company employs around 300 people and has operations in major cities including London, Cardiff, Manchester, and Riyadh. Currently, approximately 30% of Whisper is owned by Sony Pictures Television, which acquired its stake in 2020, highlighting an existing interest from major industry players. The majority ownership remains with its founders and management team. Whisper is exploring options for selling either a majority or minority share to financial or strategic investors. KPMG is advising Whisper in these discussions, orchestrating meetings with potential bidders. As the company looks towards future expansion, Whisper aims to enhance its portfolio in sports production by targeting bigger events and rightsholders. Expansion is also planned for the US market and the Middle East, where partnerships with major entities have been established, such as working with Tom Brady's Religion of Sport and the Saudi Pro League. Additionally, Whisper has diversified its offerings beyond sports, producing documentaries on figures like Ben Stokes and Sven-Goran Eriksson, and engaging in entertainment formats like the gameshow presented by Graham Norton titled Wheel of Fortune. The company’s fiscal outlook appears solid, with reports indicating a £4.3 million pre-tax profit for the fiscal year ending March 31, 2024. This business maneuver occurs amidst discussions of mergers among key players in the industry, including ITV's potential merger with All3Media, adding a layer of complexity to the current market landscape. A spokesperson for Whisper opted not to comment on the ongoing discussions about the sale.