Miller chairs first media sector VCT

Former chairman and chief executive of EMAP Sir Robin Miller is to chair the board of the first venture capital trust to target the broader UK media sector.

The fund, called the IBIS Media VCT, aims to raise just under &£30m. It will be quoted on the London Stock Exchange if a minimum of &£4m is raised. The VCT team has committed &£1m of its own money to the fund.

Other industry figures joining the board include chief executive of United Business Media subsidiary CMP Information Gary Hughes and group finance director of Daily Mail & General Trust Peter Williams.

The VCT is expected to invest in private equity type ventures at the smaller end of the market.

“Although the media sector hasn’t been strong in the past couple of years, this in itself could be an opportunity,” says IBIS Capital director David Forster, who is an adviser to the VCT.

“Concerns about disruptive technology like the internet have put pressure on mature media businesses. But we aim to invest at the smaller end, where there is less competition, a lack of investment capital and correspondingly better valuations,” he adds.

The UK advertising market was worth about &£14.4bn in 2004, third in the world behind the US and Japan (Advertising Association). Over 45 media companies are traded on the London Stock Exchange and over 100 on the Alternative Investment Market (AIM).

⢠Former BSkyB chief executive Tony Ball is to chair a private equity investment vehicle targeting UK media companies, run by Ingenious Media. Former Goldman Sachs investment analyst Neil Blackley will be joining the Ingenious Media Active Capital (IMAC) board as a non-executive director.

Latest from Marketing Week


Access Marketing Week’s wealth of insight, analysis and opinion that will help you do your job better.

Register and receive the best content from the only UK title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work. The more we know about our visitors, the better and more relevant content we can provide for them. And, yes, knowing our audience better helps us find commercial partners too. Don't worry, we won't share your information with other parties, unless you give us permission to do so.

Register now


Our award winning editorial team (PPA Digital Brand of the Year) ask the big questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.


From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we are your guide.


Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Having problems?

Contact us on +44 (0)20 7292 3703 or email

If you are looking for our Jobs site, please click here