Exponent sells Immediate Media to Hubert Burda Media

Press Release: Exponent Private Equity (“Exponent”) today announces that it has agreed to sell Immediate Media Co (“Immediate”) to Hubert Burda Media for an undisclosed sum. Immediate is the UK’s leading and fastest-growing special interest content and platform company. It is home to some of the UK’s best-loved brands – including the Radio Times, the most valuable and profitable magazine brand in the UK. Immediate engages over 19 million passionate consumers each month, offering them world-class content and innovative new products and services, including e-commerce and TV shopping.

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Immediate rumoured for sale for £300m

According to the Sunday Times, the publisher’s private equity owner Exponent is interviewing advisers for handling the sale that is expected to be completed before the summer.

One of Britain’s biggest magazine publishers, Immediate Media sells 74m magazines every year including BBC titles like Good Food, Homes & Antiques, Gardeners’ World, and Match of the Day among others. The media house also owns other UK consumer titles like Triathlon, Urban Cyclist, You and Your wedding, and Horrible Histories

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Media’s Francois-Regis Coumau on the company’s move into TV

Immediate Media is still probably best known for its print titles, including Radio Times, BBC Top Gear Magazine, BBC History and Gardeners’ World. But the West London based publisher which has recently celebrated its fourth anniversary isn’t stopping there. “Strategically when you are looking at the next five or ten years I don’t think that’s enough,” said Chief Executive Tom Bureau in a recent interview. “So we are now focusing on the third part of our proposition – becoming a platform business.”

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Radio Times publisher reports 75% rise in profits

Immediate Media has reported a 75% rise in profits to £14.3m in its last financial year. Immediate Media, which struck a £121m deal with BBC Magazines to buy, licence or contract publish its 34 titles in 2011, saw group operating profits rise from £8.2m to £14.4m in the year to the end of March 2014

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