Vinyl Group completes acquisition of Mediaweek
Vinyl Group has confirmed it has completed the acquisition of media and marketing trade publication, Mediaweek.
The ASX-listed company announced the news on Wednesday, confirming it paid $479,140 cash to Chattr Pty Ltd and an additional $500,000 in shares.
Former Mediaweek managing director and publisher, Trent Thomas, who ‘stepped back’ following reports of alleged sexual harassment against female staff members, will remain with Chattr and the Chattr website, “the assets of which are not included” in the acquisition.
Josh Simons
“It’s a pleasure to welcome Mediaweek to Vinyl Group as we look to grow our trade media offering alongside The Music Network and Variety Australia,” Vinyl Group CEO, Josh Simons, said.
“We have begun the search for a new managing editor to lead Mediaweek’s editorial, but in the meantime I look forward to working with former publisher James Manning who serves as acting managing editor alongside general manager Sarah Chapman and head of commercial Andrew Mulready, and the wider Mediaweek team.
READ MORE: Mediaweek – Misbehaviour in power and industry silence
“Now that this deal has completed, I expect to be able to share further updates in the weeks ahead.”
Manning added: “As Mediaweek starts a new chapter I’m pleased to be continuing my long association with the publication, continuing to work in a sector I know so well. It’s always been important to have trusted relationships with all parts of the media sector and Vinyl Group is keen to build on those.
“I started my career as a music journalist so to now be part of Australia’s only ASX-listed music company, and one that works with so many great entertainment brands, makes perfect sense.”
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Neil Griffiths is the Managing Editor of Mumbrella. He joined the company in October 2023.
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