Vinyl Group, backed by Richard White, acquires Mediaweek after its owner's misconduct, aiming to expand media operations.

Vinyl Group, a music company backed by billionaire Richard White and listed on the ASX, has acquired media industry news website Mediaweek after its owner was found to have bullied and sexually harassed staff. The $500,000 cash and $500,000 scrip deal sees Mediaweek owner Trent Thomas retain Chattr Pty Ltd and the Chattr website; several Mediaweek employees will join Vinyl Group. The acquisition aims to boost Vinyl Group's media operations and align with its commitment to growing its global music and media tech portfolio.

August 13, 2024
3 Articles