The Global Media Business Weekly
fuboTV buys Molotov SAS
New York quoted TV sports streaming company fuboTV is to acquire the French streaming platform Molotov SAS as part of its strategy of international expansion. The cash and shares deal is worth…
Digital publisher of the decade?
Jessica Lessin is one of the most admired and best connected people in Silicon Valley. But her brainchild The Information is also the antithesis of the digital startups that have enriched its…
Has media missed Femtech?
Back in 2019, the then editor-in-chief of US Marie Claire, Anne Fulenwider announced she was joining the print-media-executive-diaspora to tech. She wasn’t the first and she won’t be the last,…
Is this Axel Springer’s end game?
Axel Springer is to IPO its StepStone digital recruitment division, which is believed to have revenue of almost €1bn and estimated EBITDA of €350m. It is expected to have an IPO value of €7bn.…
Immediate Media’s ‘secret’ MBO
The management of a subsidiary of Burda's Immediate Media has acquired 49% of the business with the option to acquire the remaining 51% within the next few years. The unannounced MBO of…
How I do it: David Nussbaum, ATK
David Nussbaum has been CEO and Chair of the privately-owned, TV-publishing-digital brand America’s Test Kitchen (ATK) since 2015. ATK is believed to have revenue of some $100m. Previously, he…
Daily Mail goes private
The listed Daily Mail & General Trust (DMGT), the owner of the UK’s Daily Mail and other news and information brands is now expected to revert to private ownership, having resolved…
$430m Axios raises funds
The US newsletter company Axios has completed a series D fundraising round which values the company at $430m (5 x revenue). It was launched in 2016 and is expected to make $85m in revenue this…
Ascential buys China data
UK listed information and e-commerce specialist Ascential Plc has agreed the purchase of 4K Miles, a Chinese data provider serving local companies trading on Amazon marketplaces around the…
UK Racing Post for sale
The Racing Post, UK-based horse racing daily (said to be read by Queen Elizabeth) is being put up for sale by Exponent private equity at a potential price of £500m. Exponent bought the brand…
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