Just Media Group has successfully acquired NostalgieNet
Just Media Group, located in Hilversum, has acquired TV channel NostalgieNet and the activities of publishing company Tijdsbeeld Media. Main Corporate Finance has advised Just Media Group with the acquisition and with arranging the debt financing. The financing is provided by Rabobank. The acquisition fits perfectly in the strategy of Just Media Group to become a full service entertainment company. NostalgieNet has a nationwide coverage and excellent ratings. The new management is enthusiastic to build and expand the TV channel and publishing activities. The existing catalogue of Just Media Group could be a great add-on to the current programming. Furthermore, the founders of Just Media Group, Eric de Groot and Alex Wächtler, will offer more in-house developed productions. NostalgieNet was founded in 2008 and reaches over four and a half million households with one million unique viewers per week. With an offering of the best television shows from the 50s to 80s, NostalgieNet targets an audience with viewers in the age of 45 and older.