April 30 (Reuters) - Kew Media Group Inc KEW.TO :
* KEW MEDIA GROUP - HAS AGREED TO ACQUIRE ESSENTIAL QUAIL MEDIA GROUP FOR AN INITIAL PURCHASE PRICE OF AUD$32.8 MILLION
* KEW MEDIA GROUP - DEAL IS COMPRISED OF AUD$20 MILLION IN CASH & AUD$12.8 MILLION IN CLASS B SHARES OF KEW VALUED AT C$10.00 PER SHARE