The Global Media Weekly
GB News £60m for low-cost TV channel
The funding appeal by the UK’s new independent TV news channel has been over-subscribed by almost 50%. The channel, backed by Discovery Inc, has attracted funding ‘offers’ of…
18 December 2020
2 minute read
UK Correspondent to close
Dutch reader-funded news outlet De Correspondent last week announced that its English-language site The Correspondent, which raised $2.6m ahead of launch, is to close at the end…
17 December 2020
2 minute read
Indy Dive just keeps growing
The eight-year-old B2B newsletter publisher Industry Dive says it will have grown like-for-like revenue in 2020 from $29m to some $40m, with pro forma revenues (including acquisitions)…
17 December 2020
2 minute read
Ascential buys and sells
Ascential Plc, the UK-based B2B information and events company, is to add Hangzhou Duozhun Data to its e-commerce analytics business in China. The company brings its X Target brand which…
17 December 2020
1 minute read
Vivendi to buy Prisma mags
Music, TV and publishing group Vivendi, of France, is negotiating to acquire the Paris-based magazine publisher Prisma Media from its owner Gruner + Jahr, a Bertelsmann subsidiary. The…
17 December 2020
1 minute read
Reddit buys Dubsmash
Reddit is buying Dubsmash, a fellow short-form video sharing site. Dubsmash will retain its own brand identity but its video creation tools will be integrated into Reddit. Reddit has 52m…
17 December 2020
1 minute read
Bradley bows out – almost
US private equity firm Falfurrias Capital Partners (owner of Industry Dive, see separate story this week) has bought the Ballast Research arm of David Bradley’s National Journal Group. Terms…
17 December 2020
2 minute read
Nexstar buys BestReviews
Nexstar Media Group is buying BestReviews from Tribune Publishing Company for $160m. BestReviews provides independent product testing and recommendations with a monthly audience of 9m.…
17 December 2020
1 minute read
Cerner buys Kantar unit
Nasdaq quoted US healthcare IT company Cerner is to buy the health division of data and consulting company Kantar. The deal is worth $375m in cash for a business with revenues of $150m. Kantar…
17 December 2020
1 minute read
Motorsport buys Cavallino
Event company Canossa Events, part of Motorsport Network, has acquired Cavallino, a US media company serving motor enthusiasts, notably Ferrari owners. Canossa is an Italian company founded in…
17 December 2020
1 minute read
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