The Global Media Weekly
Is AARP the perfect model for publishers?
A US report said this month that older workers were increasingly turning to the “gig economy” to give them the earnings and flexibility that is assumed to be the exclusive concern…
Ascential events for sale
Private equity firms are planning to pre-empt the IPO of Cannes Lions and Money 20/20. The plan for a UK listing of the events division of Ascential was part of this week’s long-awaited…
How I do it: John Paton, The Independent
John Paton was appointed chair of Independent Digital News & Media, the London-based publisher of the all-digital The Independent in 2019. The principal shareholder is Evgeny Lebedev.…
Crisis at UK’s largest news group
The UK’s largest newspaper publisher Reach Plc is no stranger to financial crisis. The once imperious group, whose Daily Mirror flagship tabloid was once a world beater, was battered…
How I do it: Simon Pitts, STV
Simon Pitts is CEO of STV Group Plc (the former Scottish Television) which broadcasts to the 5.5m population of the United Kingdom’s northern-most country. STV’s place in media…
Reuters to launch subscriber news service
Reuters is going ahead with its plan to launch aa paid-for consumer-facing news service after it had previously halted the plans. It was in dispute with Refinitiv – a former part…
How ‘prices’ are fuelling a B2B boom
AgriBriefing, the food and farming information business, has been sold to the private equity-owned Mintec for a price believed to be some £275-300m (an estimated 25-30x EBITDA). After netting…
How I do it: Rupert Heseltine, Haymarket
Rupert Heseltine is executive chair of the Haymarket Group, one of the UK’s best-known media companies. He was appointed recently after the decision by his father Lord (Michael)…
Tarsus bounces back
Tarsus Group, the UK-based trade show organiser last year bounced back to 75% of its pre-pandemic revenue despite the virtual absence of earnings from China which “normally”…
Why Axel Springer is winning
Axel Springer is hoping to IPO its StepStone jobs classified group in 2023. The division, which operates in 40 countries with estimated revenue of €1bn and EBITDA of €350m, may be worth some…
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