Fri, 06 Jan 2017 | BUSINESS SALE
Fashion industry mag Drapers and nursing profession title Nursing Times are among a stable of magazines put on the market by their owner Ascential.
The publisher, once better-known as Emap, is to offload 13 titles as it focuses on bigger brands. It will keep just one print asset, Retail Week.
In a statement Ascential said it had separated a group of ‘heritage brands’ into a separate business while new buyers are sought.
The titles up for sale include Drapers, Nursing Times, Construction News, Heating and Ventilation News, Local Government Chronicle, New Civil Engineer and the Architectural Review.
In total the 13 titles made £63 million in revenue last year and about £10 million in operating profit.
Duncan Painter, Ascential chief executive officer, said: "Ascential's growth strategy continues to be to focus its resources and investment on its largest brands and those with the highest growth potential.
“Our top five products represented 56 per cent of group revenue and 71 per cent of adjusted EBITDA in the 12 months to 30 June 2016. This move will further focus our portfolio on our largest market-leading products.
“The heritage brands, with large, loyal audience communities, provide an exciting opportunity for new owners.”
See media businesses for sale.
Indoor trampoline park offering a wide variety of activities including, dodgeball, battlebeam, jump tower, interactive wall, bouldering wall, inflatables, Ninja warrior, basketball, toddler area, mini football pitch, dance school, tricking classes, s...
LEASEHOLD
Viewing: Thursday 23 May 2019 between 9am and 12 Noon. (By appointment only). Closes From 12 Noon Tuesday 28 May 2019.
Formal offers for the business as a whole to be received no later than 12 noon on Friday 24 May 2019. An opportunity exists to purchase the business and assets of a Recruitment Agency Start-up Business.
|
17
|
|
May
|
Greater Manchester staffing firm acquires security services company | BUSINESS SALE
A security services business headquartered in Newton-le-Will...
|
16
|
|
May
|
Midlothian IT company enters administration with assets up for sale | ADMINISTRATION
An Edinburgh-based IT firm has collapsed into administration...
|
15
|
|
May
|
Logistics recruiters and distributors snaps up Birmingham-based counterpart | BUSINESS SALE
Challenge TRG Group, headquartered in Wigan, has successfull...
Sign up to receive our acquisition alert emails to get your FREE guide
|
15
|
|
Apr
|
UK events organiser on the market | BUSINESS SALE
FC Business Intelligence, which organises events around the ...
|
27
|
|
Feb
|
Cannes organiser Ascential to sell exhibitions arm | DIVISION SALE
Ascential, the company that runs many of the world’s l...
|
28
|
|
Mar
|
Emap considers sale of CAP | BUSINESS SALE
Used car data provider CAP looks set to be sold by its paren...
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