- New media company Newsplayer Group has announced it is to float on the Alternative Investment Market.
The flotation is expected to value the company at up to £100 million.
The net proceeds of the flotation will allow an increase in marketing spend and fund any future strategic alliances with media and internet companies and acquisitions.
The announcement comes only two weeks after Hollinger Telegraph New Media acquired a minority stake in the internet television news archive service News-player.com.
The Newsplayer Group has established a library of 100,000 news clips available to internet uses that provide television and cinema footage spanning the 20th century.