Business Eye CI, along with its affiliated media titles, has been bought in a joint venture by Jersey-based digital collective, Snap, and entrepreneur and private investor, Tim Bullock.
The group has acquired the flagship Business Eye CI, as well as Travel Eye CI, Wedding Eye CI and Legal Eye CI from Collaborate CI Limited, a Guernsey-based media and events company. The existing team of top-level journalists and sales personnel are being retained under the new deal.
Tim Bullock said that the change of ownership is a positive one.
“This is the beginning of a new era for this popular and much-respected online business and we are confident that this acquisition represents a perfect enhancement to our portfolio. We will introduce technology, innovation that will enhance the digital media platforms, and will drive the business forward whilst maintaining the culture already established,” he said.
Snap Is an 11-strong digital and creative organisation, leading the way with the innovative use of technology. Clients include: Digital Jersey, Kendrick Rose Recruitment, My VLF and Thompson Estates.
Collaborate CI Limited’s managing director, Julie Todd, who founded the Eye brand said:
“The Eyes play an important part in our community. I am confident that the Snap team, driven by Tim Bullock and Snap CEO Tom Le Sueur, will ensure that all four media platforms have a brilliant future.
“The media landscape has changed significantly in the last decade and technology has been at the heart of those changes. I am excited to see what direction the new team will take the Eye brand.”
Snap’s CEO, Tom Le Sueur, said:
“We believe in constantly enhancing and evolving our offering and the prospect of publishing the Eye brand is an exciting one for us. I would like to thank Julie Todd and her team for laying such strong foundations for us to build on.
“The marketing and communications landscape is constantly shifting, we cannot ignore the noticeable growth in digital media consumption. We have some exciting ideas to evolve the Eyes into an even more enriching media platform for our valued community.”
Tim Bullock concluded:
“Business Eye CI and the affiliated titles have a bright future.
The Snap team and I appreciate the valuable service that these digital platforms provide, and we look forward to working with the team to develop them further.”
The new ownership is effective from 1 June 2020.
