The Global Media Business Weekly
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…
Footballco buys Italy news site
Footballco a private equity-backed football news site and owner of Goal. Com, has bought CalcioMercato.com, a major provider of soccer news in Italy. CalcioMercato.com was founded by its main…
Vox buys Punch drinks brand
Vox Media, US owner of The Verge, Vox and New York magazine, has bought the Punch media brand which covers drinks and cocktails. Punch will join Vox’s Eater segment covering food and…
Phillips buys Missouri papers
Baxter Bulletin and four news brands in Missouri, US, have been bought by Phillips Media Group as Gannett continues to sell-off local titles. Phillips Media was established by Rupert E…
How Mail Online is making it
Next year will mark 100 years since the foundation of what is now the Daily Mail & General Trust (DMGT) by the UK tabloid pioneer Lord Northcliffe. It will also be 90 years since it was…
Is niche the future of news?
Much is made of the fact Generation Z is not interested in mainstream news. But the truth is, it’s worse than that: hardly anyone under 40 is. The UK – onetime haven of national daily…
AgriBriefing sells UK for £19.3m
Former UBM trade show executive Simon Foster's new company Arc Media Holdings (backed by Eagletree) has completed its first acquisition in the UK – and is known to be in exclusive negotiations…
Ziff Davis is back
J2Global, the LA-based information and service company is to spin-out its Consensus (eFax) business and rebrand the media business as Ziff Davis once more. It will remain on Nasdaq. The…
Pageant buys Savvy Investor
The UK-based Pageant Media has acquired the UK-based Savvy Investor (£2m-revenue/ £800k EBITDA) from its owner Andrew Perrins for an earnout price that is believed to include £6m upfront and…
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