Hollinger Telegraph New Media made a major new media investment
with the acquisition of a stake in the internet television news archive
The investment comes as Newsplayer prepares for a flotation on the
Alternative Investment Market which is expected to value the company at
up to pounds 100 million.
A successful float would value Hollinger’s minority stake at pounds 5
The deal will see Hugo Drayton, the managing director of HTNM, take a
seat on the board of Newsplayer and Newsplayer itself marketed via HTNM
properties which include the search engine UK Max and the Electronic
The Electronic Telegraph will become the exclusive online news-site
partner for Newsplayer and visitors to the site will be able to access
some Newsplayer content directly from the site’s home page.
Newsplayer has the digital rights to the television and film news
archives belonging to Paramount, Reuters, ITN, Empire News, French
Pathe, Gaumont and Visnews.
Footage on the site ranges from the 1896 coronation of Tsar Nicholas II
to the present day.
The footage is delivered using streaming technology, but as the use of
broadband high-speed internet access becomes more widespread, interest
in the archive is likely to increase significantly.
Drayton said: ’We were immediately attracted to Newsplayer. It is a site
that characterises the exciting convergence between television and web
’Hollinger Telegraph is quickly building a portfolio of exciting new
economy assets and Newsplayer is set to become a cornerstone of that
At the launch in March, Newsplayer had a library of 10,000 news clips
available to internet users who pay an annual subscription charge of
The deal comes on the back of recent announcements that HTNM’s holding
company, Hollinger, which owns the Telegraph Group, is considering the
idea of a merger with an internet company.