The Global Media Weekly for executives and entrepreneurs

Screen International group sold for £25m

Media Business Insight Ltd (MBI), the UK-based publisher of Broadcast and Screen International, has been acquired by GlobalData Plc for a price believed to be £25-28m (9x EBITDA). Mobeus private equity had bought the business from Ascential for £11.7m in 2015. MBI, which employs 85 people, is believed to have made £3m of EBITDA in 2021. It is not known if MBI will, at some point, be ‘reunited’ with former Ascential stable-mate Press Gazette which is now owned privately by GlobalData‘s CEO-founder, Mike Danson. They will be located in the same building. Full details of MBI in this report from Flashes & Flames in January this year.