Home / News / Classic Rock & Metal Hammer bought out of administration

Classic Rock & Metal Hammer bought out of administration

Wed, 11 Jan 2017 | BUSINESS SALE

Rock music magazines including Metal Hammer, Classic Rock and Prog have been saved from closure after they were acquired from administrators of media firm Team Rock by Future Publishing.

Last month we reported how south Lanarkshire-based Team Rock collapsed with the loss of 70 jobs after getting into financial difficulty.

Now Future has struck a deal to buy the magazines, domain names, events, radio license and websites of Classic Rock, Metal Hammer, Prog, Blues and the Golden Gods for £800,000.

This is some way below the £10.2 million Future made from selling the titles to Team Rock back in 2013.

In a statement Future said it was “keen to preserve” the “highly respected” titles. Its chief executive Zillah Byng-Thorne said: “The acquisition of these classic rock brands with their associated magazines, events and websites marks a further step in our buy and build strategy.

“It further reinforces our creation of a leading global specialist media platform with data at its heart, which we are monetising through diversified revenue streams.

“We look forward to developing further these iconic and much-loved brands and to continuing to serve their communities of dedicated enthusiasts around the world.”

Find the latest media businesses in administration.

Share this article

Latest Businesses for Sale

Festival Operator Business

Essex, South East, UK

An excellent opportunity exists to purchase the business and assets of a well-established festival business that has built up a successful annual festival in the South East of England. Offers invited.

Asking Price: £100,000

Turnover: £5,000,000

LEASEHOLD

Commercial Lighting Contractor Business (Fast Sale)

Oxfordshire, South East, UK

A sale will be executed at the earliest opportunity. All expressions of interest must be registered by no later than 22 July 2020. An excellent opportunity exists to purchase the business and assets of a well-established commercial lighting contracto...

Asking Price: £50,000

Turnover: £5,000,000

LEASEHOLD

Telecoms & IT Services Provider

London, UK

An opportunity to acquire a UK-based telecoms and IT multi-layered services provider delivering leading edge services to contracted telecoms partners. Successful model operating for over 17 years, in 3 different countries. Significant professional fr...

Asking Price: Offers Invited

Turnover: £2,700,000

View more businesses for sale

News Search

Latest News

Jul

Mobile phone supplier and recycler goes into administration | ADMINISTRATION

Mobile phone refurbishment company Redeem UK has gone into a...

Jul

John Lewis to close eight stores as COVID-19 accelerates shift to online | BUSINESS NEWS

Department store chain John Lewis has said that eight of its...

Jul

Chancellor cuts VAT on hospitality as part of £30 billion rescue plan | BUSINESS NEWS

Chancellor Rishi Sunak has announced a £30 billion pla...

Free guide: 10 Biggest Buyer Mistakes

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

Comprehensive range of businesses for sale
Make direct contact with business sellers or their intermediaries
Access to all UK administrations, liquidations and winding-up petitions
Daily email alerts for the latest businesses for sale & distressed notifications
Business Sale Report publication posted to you every month
Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

View all news