Zinc Media to Acquire Tern Television

Zinc Media Group has moved in to acquire Tern Television Productions, shelling out up to £5.45 million ($7.2 million).

Tern, established in 1988, specializes in factual TV production. The company has production bases in Scotland and Northern Ireland and produces around 60 hours of TV annually for U.K. broadcasters, including the BBC, Channel 4 and Sky 1, as well as international broadcasters such as Discovery, PBS and National Geographic channels.

Peter Bertram, chairman of Zinc, said: “We are delighted to announce this key acquisition for Zinc Media and are delighted to welcome the highly regarded Tern Television team into the company. We believe this acquisition will place us in a strong position to further expand and grow in an industry which is experiencing ever-increasing demand for original content, due to the rapid growth of connected devices and new TV platforms.

“By augmenting our business through acquisitions such as that of Tern, the enlarged group will have greater abilities to reach new markets, to establish strategic relationships with broadcasters and international commissioners and to produce innovative content.

“At Zinc Media, we continue to remain focused on operating a high-quality and respected business, maximizing shareholder value. I look forward to updating the market on the completion of this acquisition in due course.”