Now Vinyl is taking Time Out
Josh Simons-led Vinyl Group raised $2.4 million and is adding Time Out Australia and Pedestrian Group to its media portfolio for little outlay, alongside earlier buys of Concrete Playground and Val Morgan Digital.
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Josh Simons-led Vinyl Group raised $2.4 million and is adding Time Out Australia and Pedestrian Group to its media portfolio for little outlay, alongside earlier buys of Concrete Playground and Val Morgan Digital.
Vinyl Group is buying Nine's youth publisher Pedestrian Group for nominal consideration, ending Nine's costly ownership. The piece also recalls Nine's stake purchases, Linkby's Series B, and Vinyl's acquisitions and shutdowns.
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Vinyl Group is buying Val Morgan Digital, publisher of BuzzFeed and PopSugar, from Hoyts for $10.5 million, with funding via a shareholder facility and Hoyts CEO Damian Keogh joining the Vinyl board.
Brag Media cofounder Luke Girgis is suing Vinyl Group for performance payments from their 2023 sale; the piece also recalls Vinyl's other acquisitions and Richard White's $11 million investment.
Music and media company Vinyl Group has agreed to buy the city guides brand Concrete Playground for $5 million in cash and shares, with completion expected by late February 2025.
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