Last Friday evening, many 8 Outdoor employees, unpaid since August 9 received an email asking them to be in their (old) offices first thing Tuesday morning.
It would appear that *new* company Radiant Media has acquired what was left of 8 Outdoor. We understand that Matthew Dearden will head up this new company. Interesting to note that former SIS DIGITAL Finance Director James Baker is listed as a director of Radiant Media.
Another Radiant Media director is Walid Kamhawi which is likely where the money has come from.
Walid Kamhawi is Founder and Partner at HKAS Partners, and was previously, MD at the Private Equity Group of the Blackstone Group.