UK-based trade show organiser CloserStill Media has taken a majority share in the Spanish company Interalia which organises Infarma, the pharmacy exhibition which attracts some 30,000 visitors and sells some 100 sq m of exhibition space. The show alternates between Barcelona and Madrid and enjoys the support of Spain’s two largest pharmacy associations. The event…
Why Future is buying TI Media
Almost 20 years after the loss-making Future Plc almost concluded an audacious deal to acquire the then IPC , the specialist publisher is buying TI Media for £140m in cash. Future will become Europe’s largest magazines group with revenue of more than £400m, twice the size of its closest UK rival. It’s a watershed deal…
PPF buys CME TV network
The Nasdaq-listed Central European Media Enterprises (CME) which operates leading 30 television channels in Bulgaria, Romania, Czech, Slovakia, and Slovenia, with an aggregate population of approximately 45m. people, has agreed to be acquired by the Netherlands-based investment fund PPF Group NV for $2.1bn.
NZ exhibitions deal
Privately-owned New Zealand trade show organiser XPO Exhibitions Ltd, of Auckland, has acquired nine national consumer exhibitions from North Port Events. The nine shows are The Baby Shows, The Food Shows (Auckland, Wellington and Christchurch), Fine Food New Zealand, Facilities Integrate, The Waikato Home & Garden Show, Autumn HomeXPO. The deal brings the XPO portfolio…
What will happen to daily newspapers?
Britain’s national daily newspapers are a legacy of the pioneering railway network that, more than 100 years ago, put them on every breakfast table. That’s the root of their power and influence and why, even now, the country’s politicians and broadcasters worry more about the printed papers than anything digital – despite the shift in…
Bauer buys Pacific Mags
Bauer Media Australia, the Sydney-based subsidiary of the privately-owned German magazines-radio group, is (after years of flirting) finally acquiring its principal competitor Pacific Magazines from the troubled broadcaster Seven West Media, controlled by Kerry Stokes. The price of A$46.6m (A$40m cash and $6.6m of advertising in Bauer magazines), is said to be 5.5 x EBITDA…
Meredith feels the pain
Ad Practitioners LLC, the Puerto Rico-based owner of digital properties including ConsumersAdvocate, has bought the Money magazine and digital brand from Meredith Corp. Meredith had acquired Money as part of its $2.8bn purchase of Time Inc last year. Terms of the deal were not disclosed but the price is believed to be just over $20m…
Banijay to acquire Endemol
French company Banijay is thought to be close to announcing the acquisition of TV production company Endemol Shine from its owners, Walt Disney and PE company Apollo. The transaction is thought to worth €2bn. Endemol Shine has been responsible for the production of successful series Peaky Blinders and Big Brother among others through its stable…
How Moodie beat Euromoney
At their annual exhibition in Cannes this month, airport retailers might have wondered whether the UK’s impending exit (or not) from the European Union would be good for duty free shopping. But they have learned not to worry too much about political events. It is 25 years since the Single European Act tore down customs…
Can Metropolis win?
Metropolis International is one of the UK-based companies which have grown rapidly by acquiring legacy brands from B2B publishers who have turned off print. It was launched 25 years ago by fund manager Jonathan Mills and has clearly been able to capitalise on the low acquisition prices of magazines and even lower interest rates. It…
