Relx offloads New Scientist magazine

Relx has sold leading science magazine the New Scientist as the FTSE 100 group continues its shift away from traditional publishing to data and information services. The magazine, which has a global print and digital circulation of almost 125,000, according to ABC, was bought by Kingston Acquisitions, an investment vehicle led by Sir Bernard Gray, a businessman who previously led a buy out of the Times Educational Supplement from News Corp. The value of the deal was not disclosed.

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Dentsu hops to it with acquisition of US digital marketer Leapfrog

Japanese advertising giant Dentsu has agreed to buy US digital marketer Leapfrog. The Tokyo-based company said it would acquire a 100 per cent stake in Leapfrog, whose proprietary LFX Conversion Platform aims to optimise the consumer experience via channels ranging from social media to physical stores. Leapfrog, which is headquartered in Illinois, generated revenue of $32m in the 12 months ended December 2016 and employs 150 people, most of who are software engineers and data scientists

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Emerald Expositions Acquires InterDrone Conference & Exposition

Press Release: SAN JUAN CAPISTRANO, Calif. – March 13, 2017 – Emerald Expositions, LLC (“Emerald”), a leading U.S. business-to-business trade show and conference producer, today announced its acquisition of the International Drone Conference and Exposition (“InterDrone”), the largest commercial unmanned aerial vehicle (UAV) trade show and conference in North America, from BZ Media LLC.

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National Enquirer parent buys Us Weekly for $100m

The parent company of American tabloid the National Enquirer has agreed to scoop up celebrity magazine Us Weekly for $100m. American Media’s purchase of Us Weekly will give the group a deeper foothold in the popular culture arena that is in vogue among young readers. Us Weekly sells about 1.95m paid copies per week and its website is visited by 22m visitors a month, American Media said in a statement. The magazine was founded in 1977 by the New York Times company, and was acquired eight years later by Wenner Media, the publisher of Rolling Stone magazine.

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Bronfman-backed group walks away from Time Inc

An investment group backed by Edgar Bronfman Jr, former chief executive of Warner Music, Len Blavatnik, the billionaire owner of Warner Music Group, and Ynon Kreiz, who ran Maker Studios, will not pursue an acquisition because of a valuation gap, people said who were familiar with the situation.

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Clarion Events Asia Announce the Acquisition of RetailEX ASEAN

Press Release: SINGAPORE, 2017-Feb-23 — /EPR Network/ — Clarion Events Asia today announced that they have acquired RetailEX ASEAN, a fast growing trade exhibition serving retailers in the ASEAN region. Co-organising the event with IMPACT, the premium venue in Thailand, Clarion Events look to enhance its offering to the retail industry in Asia.

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Euromoney acquires RISI, a leading price reporting agency, for $125 million

Euromoney Institutional Investor PLC (“Euromoney”), the international online information and events group, has agreed to acquire 100% of the equity of RISI, the leading price reporting agency (“PRA”) for the global forest products market. In its recent strategy update, Euromoney highlighted price discovery (the main activity of a PRA) as a key investment theme. The acquisition of RISI follows the acquisition in August last year of FastMarkets, a leading provider of real-time metals market pricing information, which has significantly enhanced Metal Bulletin’s position in price reporting.

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Trinity Mirror seeking to bundle newspaper industry

Trinity Mirror, the UK’s largest local newspaper group and publisher of the Daily Mirror, is eyeing further consolidation, as the industry races to tackle the long-term decline of print publishing. “We see ourselves as a consolidator in the newspaper industry and will continue to do so subject to tight financial returns,” said chief executive Simon Fox, as the group reported like-for-like print advertising revenues fell 18 per cent in 2016. Trinity is in early stage talks with Northern & Shell, the parent company of the Express newspaper titles and OK Magazine, which could lead to it taking a stake in some of the Richard Desmond-owned assets.

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