RNN National Media Group to acquire iMedia Brands for $50m.

RNN National Media Group, a privately owned portfolio of independent broadcast assets and production and distribution capabilities, agreed to acquire iMedia Brands, a media company capitalizing on the convergence of entertainment, ecommerce, and advertising, for $50m. “We are excited to announce this major transaction, which will provide the company with the platform to grow and build value for all of our stakeholders.” James Alt, iMedia Chief Transformation Officer.