Ooh Media buys Junkee Media in surprise move

Alex Hayes

June 24, 2016 3:46

Youth-oriented publisher Junkee Media has been bought by listed outdoor media company Ooh Media in a surprise move.

The agreement, released to the Australian Securities Exchange today (ASX:OML) has bought 85% of the company for $11.05m. Junkee Media publishes titles including Junkee, In The Mix, Faster Louder and Qantas-backed entity Awol.

The remaining 15% will remain with Junkee’s existing shareholders.

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Alex Hayes

Alex Hayes worked for Mumbrella from 2013 to 2017 in roles including editor and head of Mumbrella Bespoke.

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5 COMMENTS

ctrl alt z 24 Jun 16

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Great outcome... 24 Jun 16

The junkee team deserved this… so many old school media companies tried to get their head around what Tony, Neil and the team had created and failed to do so.

Is great to see a strong exit for a homegrown content business to a media company that has momentum.

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Nori 24 Jun 16

I’m surprised that so many men are mentioned in this article. Junkee and Ooh take note.

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D. Advocate 25 Jun 16

Why?

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AndrewL 27 Jun 16

Goof result for oOh! mumberella please spell it correctly is sets my ‘oCd’ out of control

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