FL Partners acquired Racing Post from Trinity Mirror in 2007 for £165m. With EBITDA margins of c.30%, the strategy is to grow digital revenues on the foundation of annuity cash-flow from the core newspaper business with limited competition.
Since acquisition the Racing Post has been completely repositioned as a multi-platform content business. This has included the successful launch of a subscription based ‘Member’s Club’ on the web becoming just the second national UK newspaper to do so (after the Financial Times). More recently, the Racing Post has revolutionised (in co-operation with its betting partners) mobile betting though i-phones and android devices.
Visit their website racingpost.co.uk