Junkee for sale: Ooh Media announces plans to sell youth-focused publication
Ooh Media is set to renew its focus on its core out-of-home assets, announcing its intentions to sell digital youth publication Junkee Media, which it purchased in 2016.
Chief executive officer, Cathy O’Connor, said the decision was made after a strategic review during which Ooh Media decided to transition away from online digital publishing. As a result, it will appoint advisors to sell Junkee, while Junkee CEO Neil Ackland will remain with Ooh Media.
Ooh Media’s original purchase of Junkee came as a surprise to the industry, but appeared a signal of intent that the company would diversify further, something that hasn’t come to fruition in the five years since the purchase.
