Business

Sex and the City maker in bid talks with Shed Media

Sex and the City cast
Image caption Time Warner has had a string of major successes

Time Warner, maker of Sex and the City, is in talks to buy the UK television production firm behind shows such as Supernanny.

Shed Media said that Time Warner subsidiary Warner Bros Entertainment was "working with certain members of Shed management" in the talks.

Shed, which also makes Who Do You Think You Are?, could be worth £75m, reports say

Two firms recently ended talks to back a management buyout of Shed.

Observers say that the US media giant wants to add Shed to its London-based production business.

Its London business aims to tap into new markets following the global success of some of Time Warner's US shows, such as Gossip Girl.

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