Now Vinyl is taking Time Out
Summary
Vinyl Group is buying Time Out Australia for nominal consideration and taking control of the brand later this month through a franchise agreement. The company also raised an additional $2.4 million to help cover integration costs, working capital, and near-term operational initiatives tied to the deal. Management says the acquisition should be earnings accretive in FY27 and add to pro forma EBITDA. Vinyl is also expanding its publishing portfolio through several recent acquisitions, including Pedestrian Group, Concrete Playground, and Val Morgan Digital.
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