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

Natural Stone Supply Company: Sourcing/Processing/Distribution

Aberdeenshire, Scotland, UK

This company specialises in supplying the highest quality natural stone products, offering a complete turnkey solution to its customers from sourcing, through to processing, design and final distribution and delivery. Offers invited.

Asking Price: £1,050,000

Turnover: £1,100,000

RELOCATABLE

Precision Engineering Business

North West, UK

Precision Engineering Business for sale operating with a modern, well equipped machine shop, offering Engineering Development Modelling (EDM), CNC turning & milling, grinding, boring and fitting. Offers invited.

Asking Price: Offers Invited

Turnover: £400,000

LEASEHOLD

Accountancy Business

UK Wide

High quality practice with strong middle management on the market for the first time. Established: 25 to 30 years. Strong middle-tier management to support acquirer throughout the transition period and on an ongoing basis. Locations: Cheshire, Mersey...

Asking Price: £1,300,000

Turnover: £1,300,000

View more businesses for sale

News Search

Latest News

Sep

Thomas Cook seeking 'last-ditch' fire sale | BUSINESS SALE

Thomas Cook Group is reportedly trying to piece together a l...

Sep

Smith & Williamson and Tilney to merge | MERGER

After revealing in August this year that talks were in place...

Sep

Infrastructure investment manager takes stake in LJLA | BUSINESS SALE

Infrastructure investment management group, Ancala Partners,...

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