Guardian-owned magazine business Ascential floats for £800m

the magazine business jointly owned by The Guardian’s publisher and private equity group Apax, has floated at 200p a share, giving it a market cap of around £800m. Guardian Media Group, which owns around a third of the business, and Apax, which owns two-thirds, will sell a 25pc stake in the company with shares priced between 200p and 210p.

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PennWell Acquires Leading Lighting Media Business

PennWell Corporation, a diversified global media and information company, announced today that it has acquired a 51% interest in Revo Media Partners Limited, owner of LuxLive, the UK’s largest dedicated lighting event, and Lux Magazine and Lux Review, the leading trade publications in the energy efficiency lighting space

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Media General To Acquire Meredith

Traditional media giants Media General and Meredith Corp. announced an agreement to merge into a new, even more giant entity that will be known as Meredith Media General. While Meredith, with some of the best-known consumer publishing brands, gets top billing in the agreement, Media General is effectively acquiring Meredith via a cash and stock deal putting its outstanding common stock value at $2.4 billion

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