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AJN owner acquires Galus Australis

March 17, 2011 – 8:13 pm38 Comments

By AJN Staff

In what is believed to be the biggest deal of its kind in the Australian Jewish online media sector, Robert Magid, owner of the Australian Jewish News (AJN), has purchased Galus Australis from co-owners Rachel Sacks-Davis and Anthony Frosh. Galus Australis is the most widely read online Jewish publication in Australia.

While the purchase price has not been publicly disclosed, the figure is apparently substantial enough that it has significantly surprised sector analysts, given that Galus Australis currently makes almost no revenue.

A spokesperson for Mr Magid told the AJN that “Galus Australis is a very respected brand, and has a broad and highly engaged audience. We believe we’ll bring the necessary synergies and experience to successfully monetise this acquisition. There is tremendous untapped value”

It is believed that in the short term, Magid plans to introduce more foreign syndicated content to the Galus website, as well establishing a weekly column on the website for AIJAC.

In a joint statement, Ms Sacks-Davis and Mr Frosh commented “We have thoroughly enjoyed developing this pluralistic publication, but it’s also been a tremendous drain on our time. We’re looking forward to getting our lives back, and having the opportunity to pursue other endeavours. We’d like to thank all our readers, and wish them a purim sameach.”

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