Jan 16, 2013

Private equity cashes in, but will media diversity result?

As media companies change hands for low valuations, private equity see profits. Catalyst is the latest to swoop, but will the injection of private equity cash deliver more media diversity?

Myriam Robin — Media Reporter

Myriam Robin

Media Reporter

When it comes to Australian private equity, Catalyst is one of the big fish. The firm has funds in excess of $1 billion under management, and a history of investing in manufacturing and building products, along with the odd consumer goods business.

That’s why its purchase, announced late last week, of Reed Business Information Australia — Australia’s largest business-to-business media company — is surprising. RBIA owns a number of market-leading publications including ad industry magazine B&T, Australian Doctor, Australian Mining and Lawyers Weekly.

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