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.
A family run business in its third generation, supplying office furniture nationwide either directly or through white label websites on behalf of other retailers. Having built up an excellent reputation for the product range and service provided, the...
LEASEHOLD
Indicative offers are required by noon of Tuesday 22 September 2020, with a sale concluded by no later than the close of business on Friday 25 September 2020 and therefore only parties that are able to work within this time frame should respond.
Presenting to the market a well established 2 surgery practice due to the vendors plans to reduce responsibilities. Income is derived from fee per item patients and a large capitation scheme which equates to 32% of the practice income.
LEASEHOLD
|
18
|
|
Sep
|
Crane hire business acquired in seven-figure deal | BUSINESS SALE
Liverpool-headquartered A Mini Crane Hire has been acquired ...
|
17
|
|
Sep
|
Scottish accountancy firm expands with two new acquisitions | BUSINESS SALE
Scottish accountancy firm Goldwells has expanded with the ac...
|
16
|
|
Sep
|
Plymouth window manufacturer rescued in buy-out | BUSINESS SALE
A Plymouth window manufacturing business that formed part of...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources