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Reading: Cirrus Media Announces Management Buyout of Media and Travel assets
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B&T > Cirrus Media Announces Management Buyout of Media and Travel assets
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Cirrus Media Announces Management Buyout of Media and Travel assets

Staff Writers
Published on: 18th September 2014 at 9:37 AM
Staff Writers
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Cirrus Media has entered into a binding agreement for the sale of B&T and Travel Weekly Australia to the existing Management team lead by David Hovenden and Dan Uglow for an undisclosed amount.

The sale will include all associated Media and Travel products and services.

John King CEO Cirrus Media said: “As part of a recent strategic review designed to simplify and focus our business, we have decided to sell our Media / Travel assets to existing management. This provides certainty and continuity for our customers and people. The team are very committed and have done a great job in repositioning the business. They have plenty of momentum and we wish them every success in the future.”

“Dan and I are excited to be the new owners and to keep the whole team together,” said David Hovenden, editor-in-chief of B&T and CEO of the newly formed company The Misfits Media Company Pty Ltd.

“We have a passion for the business and strong conviction about the future. We back ourselves and have the belief to put our money where our mouths are.”

Also commenting on the acquisition senior vice president of The Misfits and editor-in-chief of Travel Weekly, Dan Uglow said: “I am thrilled at having the opportunity to continue to evolve and grow these two businesses that have formed such a large part of our and our team’s lives over the years.”

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Staff Writers
By Staff Writers
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Staff Writers represent B&T's team of award-winning reporters. Here, you'll find articles crafted with industry experience spanning over 50 years. Our team of specialists brings together a wealth of knowledge and a commitment to delivering insightful, topical, and breaking news. With a deep understanding of advertising and media, our Staff Writers are dedicated to providing industry-leading analysis and reporting, both shaping the conversation and setting the benchmark for excellence.

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