RDF Media execs eye privatization<br />


LONDON -- RDF Media's executives want to take the ailing company private and buy out shareholders of the AIM-listed company, the company confirmed Thursday.

Financed by undisclosed private equity, execs thought to include chief executive David Frank have made an "early stage indicative offer" for the company.

RDF shares fell from 250 pence ($4.92) to about 95 pence ($1.87) in a year, following the "Crowngate" scandal, but soared to 130 pence ($2.56) Thursday on the bid speculation.