Time Out Group has announced the acquisition of London-based events and ticket booking company YPlan
Time Out Group has announced the acquisition of London-based events and ticket booking company YPlan
Newly listed magazine company Time Out expects to report revenue growth of 16 per cent for the first half of 2016 – a period in which many other publishers have experienced heavy declines
No media business is even close to where it wants to be. Traditional companies struggle to hang on to print cashflows while competing with digital newbies which have all the flair but no sustainable profits. Young, digital-only, low-cost, small-team insurgents are fighting the unfair fight with the beasts of media pre-history. One business model is broken and the other is unproven.
Time Out tourism city magazine IPO float shares tanked Oakley CapitalTime Out’s stockmarket debut fails to dazzle: One star – needs improvement. That’s likely what the army of writers at Time Out (TMO) would be thinking if they had to review the media group’s stockmarket flotation Tuesday. Shares in the culture and entertainment mag fell 10% on their first day trading on AIM, and questions must surely be asked about the timing, coming as it does amid a major sell-off ahead of the European Union referendum next week
Time Out, the publisher that recommends things to do in cities from New York to Beijing, has conditionally raised £90m ahead of listing on London’s junior stock market, as it embarks on an ambitious growth plan
Star fund manager Neil Woodford is expected to be among investors in line to pick up a stake in media group Time Out when it unveils plans for its London listing tomorrow
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”
Time Out is to embark on a major UK expansion launching localised websites in cities including Manchester and Edinburgh
The Oakley Capital Private Equity L.P. 50% stake holder in Time Out has had to invest an extra £5.5m in the London listings magazine “for working capital” in the last six months after the title went free a year ago.