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(UK) Montgomery shakes news market again: JPI, third largest local media, bought by National World - Venture Insights

Report Overview

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(UK) Montgomery shakes news market again: JPI, third largest local media, bought by National World

PublisherEnders Analysis.
Publish Date January 11, 2021
Sector acquisition, Broadcast TV, Media, News, UK, UK Media.

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Contents

National World Plc, David Montgomery’s investment vehicle founded in 2019, will buy JPI Media for £10.2 million, a tiny 1.7x EBITDA

Disposals by JPI Media shifted its operating model towards digital, National World will shift this further

This acquisition kicks off what is likely to be a busy period for M&A, though local consolidation remains hindered by the local media mergers regime