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
Providing designs that are practical but creative and often innovative, to meet the specific needs of its clients. Supporting sustainable construction methods and experienced in eco-friendly structures such as PassivHaus. Offers invited.
An established, proven brand and assets for sale, with considerable multi-million pound growth potential. The company is a designer and supplier of an established audio and wearable technology brand. The products seamlessly link three multi-billion-p...
Offers a diverse range of commercial refrigeration and air conditioning equipment throughout the UK. Benefits from maintenance contracts and reactive maintenance. Possesses a strong understanding of all types of cooling solutions and is able to fully...
Sign up to receive our acquisition alert emails to get your FREE guide
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