Apple is buying the magazine app subscription service Texture for an undisclosed amount. Texture offers US-based users unlimited access to more than 200 titles for a monthly fee of $9.99 (£7.19)
After 51 years in print, Institutional Investor will scrap its paper edition and go digital-only after its April issue, the financial magazine announced this week
GateHouse Media has acquired the Austin American-Statesman from Cox Enterprises for $47.5 million. The deal is expected to close April 2. GateHouse Media says it is the U.S.’s largest owner of daily newspapers across the country, with 130 daily newspapers and more than 540 local market websites. The company is based in upstate New York. The Statesman, with its daily circulation of 85,000 and digital subscriptions of 16,786, will be one of GateHouse’s largest newspapers.
Messe Frankfurt further expands its international network: With the acquisition of Forest Exhibitions Ltd, the Group now has its own subsidiary in the United Kingdom.
Euromoney Institutional Investor PLC (LON:ERM) has acquired 100% of the business and assets of Extel, the group which runs the annual independent survey of quality across the European equities investment community, for an undisclosed sum from WeConvene.
Sherwin Publications has announced that, as of 28 February 2018, it now has full ownership of the TCS&D exhibition. Since 2011, the exhibition has been run in partnership with Informa Exhibitions. It is a bi-annual show which helps companies promote its products and services to the perishable product supply chain.
Digital communications group Next 15 said it had acquired innovation agency Brandwidth. Group for up to £10.3m. The consideration involved an initial payment of £6.2m, including £4.9m in cash and the rest in shares. Further payments in 2018 and 2020 were conditional on performance. The maximum total consideration of £10.3m represented a 5.5 times multiple of Brandwidth’s adjusted earnings before interest and tax in the year ended 30 June, Next 15 said.
Telegraph Events has sold the London Bike and Triathlon Show to Frazer Clifford’s Newtimber Media. No terms were revealed. Clifford will be a familiar face to many visitors to the exhibition having worked as the sales director on the event for the past nine years. He told CI.N that long-term colleague Matt Letch will also join Newtimber Media in an enhanced business development role.
Press release: Global construction information publisher KHL Group is acquiring the USA-based publisher Diesel & Gas Turbine Publication Group (D>P).
USA-based D>P, founded in 1935 and located in Wisconsin, is a leading publisher of information for the on-highway, off-highway, stationary and marine engine-powered equipment markets. It focuses on the construction and agriculture, power generation and commercial vehicle equipment sectors through its North American magazine Diesel Progress and globally through Diesel Progress International.
ReedPOP, the world’s largest producer of games and pop culture live events, is adding Gamer Network and its portfolio of leading events, websites, and video channels to its portfolio. The addition of Gamer Network marks ReedPOP’s first expansion beyond the event production business.
Nils Pratley of The Guardian writes: The wily media mogul finds himself in a battle to secure a Hollywood ending to his reign. Rupert Murdoch risks being out manoeuvred in a frenzy of media deal-making.
Plans to focus on its festivals and digital businesses could lead to a £300 million sale of Ascential’s exhibitions division. The specialist information group previously known as Emap announced the launch of a strategic review of its exhibitions business yesterday.
Comcast offered £12.50 for each Sky share in cash, which it said marks a premium of 16 per cent on Fox’s current offer to buy the 61 per cent of Sky it does not already own. Shares in Sky rose more than 18 per cent at the market open to 1,305.5p.
Hearst UK has agreed a deal with Telegraph Events to acquire fitness and wellbeing festival for women Be:FIT; luxury watch fair Salon QP; and luxury watch magazine QP. The deal is part of Hearst UK’s strategic commitment to grow and diversify revenues
Meredith Corp today announced that it has entered into a binding agreement with Epiris Fund II to sell Time Inc. UK. Formerly owned by Time Inc., Time Inc.was acquired by Meredith on January 31, 2018. Financial terms of the transaction are not being disclosed.
Newsquest, the UK’s second-biggest regional newspaper group, has held takeover talks with Archant, owner of titles including the Ham & High in London and anti-Brexit paper the New European, as consolidation continues to sweep the industry. However, the talks apparently ended in part due to reticence from Newsquest’s parent Gannett
One of the last big family-owned newspaper publishers in the UK, CN Group, is being sold to US-owned regional publisher Newsquest The group has been helmed by four generations of the Burgess family and boasts a newspaper history going back 200 years to the Carlisle Patriot. John Burgess, great grandfather of current CN Group chairman Robin Burgess, became the newspaper’s editor in 1868
Messe Frankfurt New Era Business Media Ltd has acquired Thailand Lighting Fair and Thailand Building Fair to expand the worldwide portfolio of its Light + Building brand of trade fairs.
Press release: The Bauer Media Group has acquired the UK’s biggest fishing show, The Big One . The Big One is held annually each spring in Farnborough, and attracts almost 20,000 enthusiastic anglers who attend the most important event on the angling calendar.
SME London, the events company behind London Fashion Week Festival, has bought the rights to the Clothes Show brand from Haymarket Media Group
