23.06.10
Archant acquires KOS Media
Archant has announced the acquisition of KOS Media Publishing Limited (“KOS Media”), in which it has had a minority interest since 2005, for an undisclosed sum, following a restructuring of KOS Media’s holding company.
KOS Media publishes the award-winning Kent on Sunday newspaper, launched in 2002, and a series of free weekly newspapers, magazines and associated websites and mobile products. Its magazines and supplements include the Review lifestyle, entertainment and property guide, Isle Magazine, Visit Kent and Taste of Kent.
The company produces YourkentTV, an internet-based TV service providing regional features, business and sport, plus websites for jobs, property and motors.
KOS Media’s newspapers have won more than ten national awards, including UK Regional Newspaper of the Year, and UK Free Weekly Newspaper of the Year six times. The company employs around 70 full-time staff and is based at Smeeth near Ashford in Kent.
Archant Chief Executive, Adrian Jeakings, said: “We are delighted to bring KOS Media fully into our portfolio of regional titles. This acquisition strengthens Archant’s existing presence in Kent and provides a springboard for further investment. We look forward to working with the Managing Director Paul Stannard and his team, to develop this vibrant business.”
KOS MD, Paul Stannard commented: “I am delighted Archant has taken on full ownership of KoS Media. We will benefit from ownership by a large, well financed, independent group with ambitious plans to grow the business.”
www.kentnews.co.uk
Pictured above is Archant chief executive Adrian Jeakings (left) and KOS MD, Paul Stannard with some of the KOS portfolio.
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