Time Out seeks cash for international web expansion

Time Out founder Tony Elliott has said he is considering selling a stake in the company to raise enough money to fund its online expansion.

Elliott has been the sole shareholder in Time Out since he set it up in 1968. Its overseas editions are joint ventures or licensed to local publishers.

“We want to develop in Edinburgh, Bristol, Leeds and Manchester, in Miami, Los Angeles and San Francisco,” Elliott told the Times.

“We’d certainly not look to launch magazines in places like Paris or Los Angeles without a developed website in place first.”

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