The Global Media Business Weekly
‘Vice loses SPAC – and founder’
The Information has reported that Vice Media is raising over $85m in fresh capital from existing investors, as talks to IPO via a special purpose acquisition company (SPAC) have ended.…
Roar buys UK waste events
Roar B2B, the UK trade show group (owned by Apiary private equity and led by former Reed, UBM and Clarion executive Duncan Kirk) has acquired the 20-year-old Environment Media Group Ltd (EMG).…
Climate change online
Exact Editions is the 16-year-old London-based publisher which specialises in digitising content across web and app platforms, selling subscriptions to indviduals and institutions and…
McGraw buys Achieve3000
McGraw Hill is acquiring Achieve3000, a leader in differentiated instruction and learning acceleration for PreK-12 students in all 50 states and 49 countries. Financial terms not…
Top Hat buys science
Canada-based Top Hat has acquired Morton Publishing Company, an independent specialist in educational content for the sciences. The acquisition includes over 600 labs and course materials that…
Why The Guardian must change
This is the season for Brits to argue about not-for-profit media. The publicly-owned BBC is being urged to devise funding arrangements eventually to replace the archaic 'TV licences' for which…
Springer buys Politico. CNN next?
Axel Springer, the €3bn-revenue German media group part-owned by KKR private equity, has agreed to buy the Washington DC-based Politico from publisher Robert Allbritton. The deal values…
Forbes goes SPAC for $630m
Forbes magazine, of the US, has agreed to go public via a merger with a special purpose acquisition company (SPAC) that values the legendary brand at $630m. The Forbes deal with Magnum Opus…
Virtual clinic hits $1bn
New York-based Kate Ryder, whose pioneering Maven Clinic provides online health services to women and families, has raised $110m in funding, bringing its valuation to more than $1bn. More than…
The Hill sold for $130m
US local TV company Nexstar Media Group has bought Washington DC news brand The Hill in a deal worth $130m, believed to be some 3 x revenue and 9 x EBITDA. Nexstar views the deal as a route to…
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