Weller turns page with new role at Wallpaper owner
16 May 2019, 11:33 | Updated: 16 May 2019, 12:40
One of the UK's most prolific media entrepreneurs is to become the chairman of the country's biggest consumer magazine owner, assuming responsibility for a portfolio including Country Life, Horse & Hound and Wallpaper.
Sky News understands that Tim Weller, a prominent figure in the media sector over the last two decades, is joining TI Media, the publishing group that until last year was owned by Time Inc, the US media giant.
He has been recruited by Epiris, the private equity investor which bought the business early last year before rebranding it.
TI Media owns many of the UK's best-known media brands, including TV Times, Now and NME, which ceased publishing its print edition last year after a run of more than six decades.
Like other media groups, TI is wrestling with an accelerating shift in consumption from print to digital platforms and the resulting changes to advertising spending.
However, Epiris backed the TI portfolio - which used to operate as a standalone company called IPC Media - on the basis of the strength of its brands and the potential to exploit their content on digital platforms.
The company sells two million television listing and women's lifestyle magazines each week and 600,000 specialist magazines every month.
Its decision to bring in Mr Weller, who replaces Sir Bernard Gray as TI's chairman, indicates a desire to examine further inorganic growth opportunities during Epiris's ownership, according to City sources who have worked with the buyout firm.
Mr Weller launched Incisive Media in 1995 with a team of 13 and investment of £275,000, building it into a group boasting £275m in revenues and an international workforce of 2,500.
After engineering a number of deals, the entrepreneur has taken on a series of roles at other media and technology companies.
He now chairs Trustpilot, the online reviews and ratings service, and SuperAwesome, which helps make online content safe for children to view.
Epiris declined to comment, while Mr Weller could not be reached for comment.
(c) Sky News 2019: Weller turns page with new role at Wallpaper owner