Oct 10 (Reuters) - KEW MEDIA Group Inc KEW.TO :
* KEW MEDIA Group announces acquisition of TCB Media Rights
* KEW MEDIA will pay initial consideration on closing of £5.6 million in cash and £0.7 million in Class B shares of KEW MEDIA
* Expects transaction to be accretive to KEW MEDIA's financial results in first 12 months following closing
* TCB will continue to operate as it has been
* TCB is expected to generate approximately £11.5 million of revenue and £1.0 million or higher of adjusted EBITDA for fiscal 2017