The listing, planned for June on the alternative investment market, would value the company at more than £200m. Oakley Capital, Time Out’s controlling shareholder since 2011, has confirmed “it has commenced a process of review of the investment in Time Out”
US telecoms group wants to offer an alternative to Google and Facebook but some are sceptical
Gannett Co. (GCI), which owns USA TODAY and more than 100 other media properties across the country, said Monday it offered to buy Tribune Publishing (TPUB) for about $815 million, its second big expansion move since spinning off from its former parent less than a year ago
Samantha Cameron’s stepfather is in line to share a £40million windfall after selling part of the TV production business behind hit children’s show Octonauts. Viscount William Astor will split the cash with media mogul Lord Waheed Alli thanks to a deal which valued their firm Silvergate Media at between £70million and £80million. Shamrock Capital Advisers – a […]
The merger of WPP and STW in Australia creates an $850 million business. It dwarfs the nearest competition by a long way and CEO of the newly formed WPP AUNZ, Michael Connaghan, expects it to punch through $1 billion before too long. With more than 90 agencies in the combined business, consolidation is inevitable. Connaghan said as much, speaking to AdNews just hours after the merger was passed by shareholders
BJI serves the men’s apparel and women’s apparel and accessories markets under the following leading tradeshow brands: AccessoriesTheShow, EDIT, FAME, Moda, MRket and Stitch. These shows run multiple times a year and in some cases are located in the same venues as UBM shows. BJI also operates several websites and publications serving the fashion sector. In 2015, BJI’s revenues were approximately $40m – $33m from Events and $7m from Other Marketing Services
In a Q1 earnings announcement Publicis said: “We don’t expect this year to be a year of large or numerous acquisitions” with the possible exception of Samsung’s ad agency Cheil Worldwide, the second largest Asian agency outside of Japan. Levy confirms acquisition talks, believing the South Korean-based agency would be a great fit to complement its digital expertise and global footprint. But he says these discussions have had “ups and downs” and “we are in a plateau today.”
Iris, part of Cheil Worldwide, is acquiring Founded, a creative agency with offices in London and San Francisco. This deal will further extend Iris’ expertise in business-to-business (B2B) marketing, CRM, creative technology and strategic planning. Plus, Iris will now have a footprint on the west coast through Founded’s San Francisco office, opened in 2015. Terms of the deal were not disclosed
NEW YORK, April 20, 2016 /PRNewswire/ — Burson-Marsteller, a leading global strategic communications and public relations firm, announced today it has agreed to acquire a majority stake in Turkish communications firm Effect PR. Headquartered inIstanbul, Effect PR has been Burson-Marsteller’s exclusive affiliate partner in Turkey since 2012. Following the acquisition, it will become a full member of the network and be renamed Effect Burson-Marsteller
Publishers are scrambling quickly to launch Millennial content hubs, but Hearst is opting for the turnkey approach. The company announced that it’s extending its partnership with telecommunications giant Verizon to acquire Complex and its massive Millennial video audience
LexisNexis, a leading global publisher and online solutions provider for legal, tax and academic content, is “very bullish” on India and is keen on expanding in the country through acquisitions
UKTV is being tipped to go on an acquisition spree if the BBC is forced to sell off its £500m-valued stake.
The publishing firm Penguin Random House is considering a sale of its illustrated books division Dorling Kindersley, Sky News has reported
British broadcaster holds preliminary talks with Canadian distributor and producer
Three of France’s biggest media investors have launched a new company on the Paris stock exchange as they seek to make up to €1.5bn in European acquisitions and one day rival Germany’s Bertelsmann
Why would a hugely successful businessman make himself an easy target for critics who suspected his real intent was to prune an occasional thorn in Beijing’s side? SCMP readers are now asking exactly the same question of Jack Ma, the Chinese magnate who has agreed to pay $266m for the paper. The Alibaba Group chairman is China’s second-richest man and has expanded from his internet base into sectors as diverse as financial services and sport
Bought by Time Inc. Veteran Eric Thorkilsen and a Private Equity Fund
Silvio Berlusconi and Vincent Bollore, two of Europe’s most powerful media barons, have agreed a €1.75bn (£1.25bn) pact to create a European rival to Netflix and stronger continental opposition to Sky. The deal is expected to be approved this evening by the directors of Mr Berlusconi’s TV company Mediaset. It will see Mr Bollore’s French media giant Vivendi take full control of Mr Berlusconi’s Mediaset Premium. The loss-making pay-TV arm owns rights to top-flight Italian football and competes with Sky Italia
It is understood it is seeking a linkup with a private equity firm that would take over Yahoo, with a publisher then taking over the news and media properties
Johnston Press steps back into newspapers as Q1 ad revenues fall 16% — double 2015’s decline
