Posts Tagged "TI Media"

Future plc (LSE: FUTR; “the Group”), the global platform for specialist media, today announces the completion of the acquisition of TI Media, which was announced on 30 October 2019 and was conditional upon clearance from the Competition and Markets Authority (“CMA”). TI Media is a UK-based, print-led consumer magazine and digital publisher with deep industry heritage and a portfolio that incorporates 38 brands including: Decanter; Country Life; Homes&Gardens; and Woman & Home. TI Media brings to Future a presence in the Wine, Golf, Equestrian, Country Living, TV Listings, Women’s Lifestyle and Gardening verticals, and deepens and extends Future’s strength and position in Home, Cycling and Country Sports.

Future announces the proposed acquisition by its subsidiary, Future Holdings 2002 Limited, of TI Media for a consideration of £140 million. The consideration for the Acquisition will be satisfied entirely in cash. The consideration and related transaction costs will be funded by the net proceeds of the Placing announced today and the balance from the £45 million accordion facility provided under Future’s revolving credit facility.

Singapore-based music platform BandLab Technologies, which last year acquired Guitar and MusicTech magazines, is increasing its investment in media by buying New Musical Express (NME) and Uncut from TI Media (formerly Time Inc UK).