{"id":10562,"date":"2017-10-10T10:57:32","date_gmt":"2017-10-10T14:57:32","guid":{"rendered":"http:\/\/worldscreen.com\/tvreal\/kew-media-group-acquire-tcb-media-rights\/"},"modified":"2017-10-10T13:46:29","modified_gmt":"2017-10-10T17:46:29","slug":"kew-media-group-to-acquire-tcb-media-rights","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tvreal\/kew-media-group-to-acquire-tcb-media-rights\/","title":{"rendered":"Kew Media Group to Acquire TCB Media Rights"},"content":{"rendered":"

Kew Media Group is acquiring the London-based distribution company TCB Media Rights, which specializes in non-scripted TV sales.<\/p>\n

Kew will pay initial consideration on closing of \u00a35.6 million ($7.4 million) in cash and \u00a30.7 million ($923,000) in Class B shares of Kew Media. The company has also agreed to pay deferred compensation based on TCB\u2019s adjusted EBITDA for the fiscal year ending December 31, 2017 that will cap the purchase price at no more than seven times adjusted EBITDA. TCB is expected to generate approximately \u00a311.5 million ($15 million) in revenue and \u00a31 million ($1.3 million) or higher of adjusted EBITDA for fiscal 2017.<\/p>\n

\u201cTCB is one of the world\u2019s most prolific distributors of unscripted content,\u201d said Kew Media\u2019s CEO, Steven Silver. \u201cThe company Paul Heaney has built over the last five years adds decades\u2019 worth of experience and expertise to our operation. TCB will continue to operate as it has been, since we intend to maintain the distributor\u2019s boutique feel and producer-oriented focus, but now with increased resources for greater content development opportunities.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Kew Media Group is acquiring the London-based distribution company TCB Media Rights, which specializes in non-scripted TV sales.<\/p>\n","protected":false},"author":350,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":0,"footnotes":""},"categories":[69],"tags":[2471,184],"class_list":["post-10562","post","type-post","status-publish","format-standard","","category-top-stories","tag-kew-media-group","tag-tcb-media-rights","pmpro-has-access"],"yoast_head":"\nKew Media Group to Acquire TCB Media Rights - TVREAL<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/worldscreen.com\/tvreal\/kew-media-group-to-acquire-tcb-media-rights\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kew Media Group to Acquire TCB Media Rights - 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