Zinc Media is an AIM listed TV production and multimedia communications content business specializing in factual production. The company operates through the three divisions of television production, communications content and publishing.
In October 2018 Will Sawyer joined as Chief Financial Officer and in April 2019 Mark Browning joined as CEO. Sawyer and Browning have a proven track record of transforming underperforming TV businesses into highly profitable companies, working together for many years at ITN Productions which they helped grow to one of the top 5 independent TV productions companies in the UK.
To transform the business in the long-term a new strategic plan will focus on four factors: improving the gross margins of television production, revenue growth and diversification, cultural & creative renewal and investment in operational excellence.
At the current time we are not putting forecasts into the market for Zinc Media but expect to do so in due course once the finer elements of the strategic plan are finalized. Until then, we note that the track record of the new management team is highly impressive and if Mark Browning and Will Sawyer can repeat their success at ITN with Zinc then we believe the current market cap of just under £5 million could be many multiples of that in the coming years.