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Digitalbox swoops for The Tab and raises £1.2mln

The company is paying £750,000 for the student publisher

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Digitalbox PLC (LON:DBOX) is adding the student publisher Tab Media to its stable of digital titles that includes The Daily Mash and Entertainment Daily.

The £750,000 acquisition will be funded from a £1.2mln direct subscription by the Downing Strategic Micro-Cap Investment Trust at 4.9p a share.

Tab Media operates a national website and 32 sub-sites individually focused on UK universities.

Revenues were around £1.2mln last year, giving a £400,000 loss before tax.

Digitalbox chief executive James Carter said: “The Tab provides a really exciting addition to our portfolio.

“As well as providing insights into youth and student culture, it is an important training ground for journalists.”

Digitalbox said its technology platform will be used to help drive traffic and advertising revenue to support the Tab site in much the same way as it has been deployed to support other titles.

“Since we acquired The Daily Mash in 2019, we have grown traffic and revenue whilst allowing the editorial team to get on with what they do best, and we aim to do the same with the Tab,” Carter added.

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Market Cap: £6.66 m
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Digitalbox snaps up Tab Media and is 'in strong position to deal with...

Digitalbox PLC's (LON:DBOX) James Carter talks to Proactive London's Katie Pilbeam about their latest acquisition - student publisher Tab Media. This digital title will be purchased for £750,000, adding to their collection which includes The Daily Mash and Entertainment Daily. Caster goes...

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