Sat, 15 Apr 2017 | BUSINESS SALE
Reed Business Information (RBI) has sold leading science magazine New Scientist to Kingston Acquisitions, a firm set up by the former management team of the Times Educational Supplement.
RBI’s owner, the FTSE 100 group Relx, divested the magazine to focus on its data and information services activity.
Terms of the deal were not disclosed. In a short statement RBI said: “This decision reflects RBI’s continuing strategic priority of focusing on its data and analytics business.”
New Scientist covers ideas and developments in the worlds of science and technology.
The magazine has a global circulation of nearly 130,000 and employs around 40 editorial staff. Its website, newscientist.com, gets more than three million unique users a month.
According to the Financial Times Relx has spent the last decade shipping out the majority of its business and trade magazines as its seeks to reduce its reliance on print publications.
Over the same period its risk and analytics division has grown, delivering a nine per cent increase in revenues last year.
Businessman Sir Bernard Gray, who heads up Kingston Acquisitions, was quoted as saying: “In a world where science and technology is playing a more and more central role in people’s lives, providing an understanding of the accelerating pace of change in science is a huge growth opportunity for New Scientist.”
Find media companies for sale.
Subscribe to the Business Sale Report here
Discover a unique opportunity to acquire an innovative e-retailer specialising in children's clothing, renowned for delivering cutting-edge brands and technologies.
A specialist builders’ merchant with a robust client base, boasting over 124 active clients with 80% providing repeat business. The business is supported by an experienced and dedicated workforce, ensuring smooth operations and high staff retention....
A business predominantly supplying niche floor treatments is exclusively being marketed for sale. Located in Essex, it is one of the largest suppliers in the UK and a dominant player in the South and South East.
25
|
Jun
|
Wren Sterling doubles Scottish presence with third acquisition of 2025 | BUSINESS SALE
Private equity-backed financial advisory business The Wren S...
25
|
Jun
|
Net zero engineering group acquired by US private equity firm | BUSINESS NEWS
BRUSH Group, an engineering company working on the transitio...
25
|
Jun
|
Administrators marketing bicycle products company for sale | ADMINISTRATION
A buyer is being sought for a longstanding distributor of bi...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.