Private equity firm Epiris has sold publishing company TI Media to Future Plc for £140 million, generating a 2x return on investment and a 50% IRR. TI Media’s magazine titles include TV Times, Country Life, Woman's Weekly, and Ideal Home and reach 11.7 million UK adults monthly across print and digital editions. Epiris acquired TI Media, formerly Time Inc. UK, from Meredith Corporation in March 2018. During the investment hold the business sold its portfolio of comic titles to Rebellion Developments and its music titles, including NME.com, to BandLab Technologies. Chris Hanna, Partner of Epiris, said: “We have repositioned TI Media’s portfolio and put in place brand strategies which have created the conditions for growth in key areas. This is part of the broader strategic and operational simplification of the business which was integral to our original investment thesis and which we have achieved within a short timeframe.” Marcus Rich, CEO of TI Media, added: “Epiris’ expertise has been invaluable in bringing direction and momentum to TI Media’s transformation journey. Future is a business that shares our vision for growth and innovation, and I am confident that TI Media’s portfolio of iconic brands will continue to thrive as part of the Future family.”
