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.
The business for sale is a highly contemporary bar and bistro serving an array of high quality, locally sourced and freshly prepared food and drinks with a great environment. Great reputation in the area for food and live music. Has built up a reliab...
LEASEHOLD
Leading cleaning company in area. High-quality contracts and clientele. All equipment included in the sale. Well-established. Company has an excellent retention rate with a valuable team of staff. Huge scope for growth. The business is now for sale o...
LEASEHOLD
This is an excellent opportunity for an interested and committed buyer to take on a highly reputable e-commerce business which specialises in strapping and other fastening equipment. Excellent online reputation. Wide range of stock. Loyal commercial...
RELOCATABLE
|
29
|
|
May
|
Monsoon Accessorize close to administration | ADMINISTRATION
Fashion retailer Monsoon Accessorize is close to entering ad...
|
28
|
|
May
|
M&G completes purchase of Ascentric platform from Royal London | BUSINESS SALE
Asset manager M&G has completed the purchase of wealth manag...
|
27
|
|
May
|
Food-to-go supplier calls in administrators | ADMINISTRATION
Adelie Foods, one of Britain’s biggest suppliers of sa...
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