9 DEC 2013 - JASONS TRAVEL MEDIA PURCHASED OUT OF RECEIVERSHIP BY BENNETTS
Iconic travel media company Jasons Travel Media has been purchased by Jasons (2013) Limited, a member of the Bennetts Group, from receivers PPB Advisory, for an undisclosed sum. The family-owned Bennetts Group’s acquisition means that Jasons will continue to trade as a going concern, protecting the interests of tourism industry operators, customers and other stakeholders. The deal includes 62 magazine publications, the Jasons websites, and more than 4,000 distribution points.
Geoff Spong, managing director of Bennetts Group said, “Jasons is synonymous with travel and tourism with over 12 million domestic and international visitors accessing its travel information through print guides, mobile devices and the internet".
The reservation money paid by Motel operators, tourists and other customers was held by Jasons in a separate trust account and are to be transferred to the new owner on the condition that they remain in a separate trust account. The new Jasons will then pay those funds to the correct party as soon as possible.
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