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.
A rare opportunity to acquire a long established, profitable, BMW After Market Specialist, with an excellent reputation. Trading profitably since 1994. Offering complete automotive performance, engineering and styling solutions. This is a retirement...
Provides an extensive range of coffee machinery, which is imported from Italy and Spain, and coffee products, which are sourced within the UK. Offers invited.
FREEHOLD
One of the UK's leading end-to-end service providers. Comprehensive export handling, packing and storage services, providing specialist cargo and goods management to a wide variety of international operations and private clients. 40+ years of success...
|
24
|
|
Jan
|
Yorkshire engineering firm completes MBO deal | MBO/MBI
A West Yorkshire engineering group has been taken over by th...
|
22
|
|
Jan
|
Jewellery retailer enters administration | ADMINISTRATION
A Nottingham-based jewellery and watches company has fallen ...
|
19
|
|
Jan
|
Luxury lodging group enters administration | ADMINISTRATION
An Essex-based company which operates eight luxury lodge par...
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