Bauer Media acquires three homes titles from News Corp

Bauer Media GroupThe Bauer Media Group has acquired magazines Inside Out and Country Style and Homes website HomeLife.com.au from News Corp. The terms of the transaction were not disclosed.

The titles join Bauer’s existing suite of Homes magazines, which are Real Living, Australian House and Garden and Belle. These offerings are complemented by the publisher’s Homes to Love digital platform for this category.

The general manager for publishing at Bauer Media, Fiorella Di Santo, said, “We’re thrilled to bring Inside Out, Country Style and HomeLife.com.au to Bauer. Although we already have a strong position in the Homes category, this acquisition is a natural fit for us in terms of further deepening our category specialisation. We will now be part of the entire customer Homes journey, no matter what budget, geographical area or aesthetic.

Bauer CEO Paul Dykzeul said, “We are extremely pleased to announce this news as it’s a key milestone in delivering against our core strategic priorities, our strategic business growth and our commitment to invest in deep category specialisation. It is the first acquisition for Bauer in Australia since we bought beautyheaven in 2015, and it signifies our position of leadership as subject matter experts in this category.”

Germany, Hamburg & USA, New York, NY

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Future plc acquires five specialist consumer titles from Haymarket Media Group for £14M

Future plcFuture plc, the global platform for specialist media, is to acquire five specialist consumer titles from Haymarket Media Group – What Hi-Fi?, Stuff, FourFourTwo, Practical Caravan and Practical Motorhome – for a consideration of up to £14 million, the majority of which is in the form of cash, with the balance in shares. The titles generated revenue of £12 million in the last financial year to June 2017. The consideration shares are subject to lock-up restrictions for three months from the date of issue.

The intended acquisition of popular brand What Hi-Fi? provides an entry into the complementary audio visual market, whilst Stuff complements Future’s existing technology brands. The acquisition of Stuff is conditional on Competition and Markets Authority approval. FourFourTwo will give Future access to the football audience during World Cup Year, whilst Practical Caravan and Practical Motorhome provide a strong subscriptions proposition in the outdoor leisure market.

Zillah Byng-Thorne, CEO of Future, said, “This acquisition is a further demonstration of our strategy to develop evergreen content that connects with communities and further diversifies our revenue streams. These titles are well established brands with strong market positions that expand and enhance our presence in existing verticals and extend our reach into new communities. We have a strong track record of integrating and leveraging acquisitions and we are confident that this deal will be earnings enhancing and drive further growth in operating profitability and cash generation.”

UK, Bath & London

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Groupe Lexis Media acquires 12 Transcontinental Media publications

Lexis MediaGroupe Lexis Media has acquired 12 of Transcontinental Inc.‘s publications, as well as their related web properties, with 75 employees of these various publications and 16 employees from TC Media’s Production team being transferred to the buyer. With the completion of this transaction, 60% of the publications included in the sale process of TC Media’s local and regional newspapers in Quebec and Ontario, launched in April 2017, are now in the hands of local owners. The terms of the transaction were not disclosed.

Transcontinental is Canada’s largest printer with operations in print, flexible packaging, publishing and digital media and has more than 7,000 employees in Canada and the United States, and revenues of C$2.0 billion in 2016. Their mission is to create products and services that allow businesses to attract, reach and retain their target customers.

The newspapers acquired by Groupe Lexis Media are: Le Citoyen Rouyn-Noranda, Le Citoyen de la Vallee-de-l’Or, L’Echo Abitibien and La Frontiere, distributed in Abitibi-Temiscamingue; L’Action D’Autray, L’Action – Wednesday Edition, L’Action – Weekend Edition, L’Express Montcalm and Hebdo Rive-Nord, in Lanaudiere; Le Bulletin, La Petite-Nation and La Revue, in Outaouais.

Mr. Frederic Couture, President of Groupe Lexis Media, said: “Since its beginnings, Lexis Media has carved out a prominent position for itself in the media industry by bringing on a passionate editorial team and collaborators, and highly professional sales representatives. We intend to carry on this tradition as we confidently embark on this new phase of our development.”

Canada, Montreal & St-Bruno-de-Montarville, Quebec

 

Condé Nast invests $20m in farfetch

cni-logoCondé Nast International, a division of Advance Publications, has led a $20m investment in farfetch, the e-commerce marketplace for independent fashion boutiques. Existing investors Advent Venture Partners, Index Ventures and e.ventures also participated in the fundraising.

“This investment will fuel our entry to new markets while assisting our growth in existing ones. Our goal to build a unique curated farfetchglobal franchise in online designer fashion is brought several steps closer through the exciting involvement of Condé Nast,” commented Jonathan Newhouse, Chairman and Chief Executive of Condé Nast International.

James Bilefield, President of Condé Nast International Digital, adds “As the leading multimedia publisher connecting people to the fashion brands they love, this investment underlines our commitment to extend the scope of our activities and back great entrepreneurs. It follows the recent news of our involvement with the e-commerce businesses Monoqi and Renesim in Germany, plus the investment activity of our parent company Advance Publications in the USA.” As part of the investment, James Bilefield will join the farfetch board.

farfetch launched in 2008 and brings together luxury brands from over 250 of the world’s most respected independent fashion boutiques for men and women. With 82,000 highly curated products from over 2,000 of the world’s best brands, farfetch currently has 150,000 customers in over 140 countries. farfetch is backed by Advent Venture Partners, Index Ventures, e.ventures and Condé Nast International.

UK, London &