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M&A Deal Summary

Media Central Acquires NOW Magazine

On December 2, 2019, Media Central acquired publishing company NOW Magazine from NOW Communications for 2M CAD

Acquisition Highlights
  • This is Media Central’s 1st transaction in the Publishing sector.
  • This is Media Central’s largest (disclosed) transaction.
  • This is Media Central’s 1st transaction in Canada.
  • This is Media Central’s 1st transaction in Ontario.

M&A Deal Summary
Date 2019-12-02
Target NOW Magazine
Sector Publishing
Buyer(s) Media Central
Sellers(s) NOW Communications
Deal Type Divestiture
Deal Value 2M CAD

Target

NOW Magazine

Toronto, Ontario, Canada
NOW Magazine is a provider of a weekly news publication.

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Buyer(S) 1

Buyer

Media Central

Toronto, Ontario, Canada
Category Company
Sector Media
Employees31
Revenue 2M CAD (2020)
DESCRIPTION

Media Central is an independent and alternative media company. Media Central is based in Toronto, Ontario.

DEAL STATS #
Overall 1 of 4
Sector: Publishing M&A 1 of 3
Type: Divestiture M&A Deals 1 of 1
State: Ontario M&A 1 of 3
Country: Canada M&A 1 of 4
Year: 2019 M&A 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-02 The Georgia Straight

Vancouver, British Columbia, Canada

The Georgia Straight Canada's Largest Urban Weekly publication. Georgia Straight delivers an award-winning editorial package of features, articles, and reviews. Regular weekly coverage includes news, tech, arts, music, fashion, travel, health, cannabis, and food, plus Vancouver's most comprehensive listings of entertainment activities and special events.

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Seller(S) 1

SELLER

NOW Communications

Toronto, Ontario, Canada
Category Company
Founded 1981
Sector Digital Media
DESCRIPTION

NOW Communications, Inc. is a provider of news and entertainment weekly alternative newspaper. NOW Communications, Inc. was founded in 1981 and is based in Toronto, Ontario.

DEAL STATS #
Overall 1 of 1
Sector: Publishing M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2019 M&A 1 of 1
Size (of disclosed) 1 of 1
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