Global media insights every Friday
How M&A will revive trade shows
The international exhibitions market is slowly coming back to life after the 2020 standstill. Its been a huge shock for a global industry which had seemed to escape the digital disruption that…
Food52 goes all the way
Food52, of the US – one of the best examples of content and commerce being inextricably linked – announced this week it had acquired Dansk, a housewares brand, from Lenox Corporation.…
Meredith sells TV. What’s next?
Meredith Corp, the largest magazines group in the US, is selling its 17 regional TV stations to Gray Television for $2.7bn which will wipe out the debt taken on to fund the acquisition of Time…
Verizon sells media for $5bn
Apollo Global Management and other investors have acquired Verizon Media for $5bn from its teleco parent which will retain a 10% shareholding. The divested media company will become known as…
Twitter buys subs platform
Twitter has acquired Scroll, a paid for service charging users $5 per month to read content without advertising. Media brands using the service include: The Atlantic, The Verge, USA Today, The…
Vivendi sells out of Mediaset TV
Vivendi, of France, is to sell its 29% stake in Italian TV company Mediaset in resolution of a legal wrangle following the collapse of a pay TV deal between the two companies. The sale will be…
Fox buys Outkick sports
The Murdoch family-controlled, US listed Fox Corp is acquiring the 13-year-old Outkick Media, a sport, news and culture content company, from its sportswriter founder Clay Travis and Savage…
Action Network sold for $240m
Better Collective, a Danish sports betting media company, is acquiring Action Network, the New York-based developer of betting websites, for $240m in cash (6 x revenue). Better Collective is…
Recount video news raises $18m
The ‘video first’ Recount Media has raised $18m in a series B round from investors including Burda and Union Square Ventures, according to Axios. ViacomCBS was an earlier investor.…
Rosetta sells its e-books
MEP Capital has invested in Rosetta Books, of the US, in a deal that gives it ownership of Rosetta’s 700 e-book catalog while apparenty leaving the company’s publishing operations…
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