Ascential sells 11 “heritage” brands to Meropolis International for £23.5m

Press Release: Ascential plc (the “Group” / LSE: ASCL.L), the global business-to-business information company, today announces that it has agreed the sale of the remaining 11 UK-based Heritage Brands to Metropolis International Limited for a consideration of £23.5m, payable in cash and subject to normal working capital adjustments. The sale has completed and the proceeds will be used to reduce Ascential’s net debt. On 5 January 2017 the Group announced that it had separated 13 Heritage Brands into a new operating entity and that these brands would develop an independent business strategy while new owners were sought.

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Incisive Media founder Weller and CEO Whiteley lead MBO

Press Release: Investment Week founder Tim Weller and the leadership team of parent Incisive Media have secured a management buyout (MBO), that allows the business to accelerate its growth strategy under long-term private ownership. The MBO was led by Tim Weller, founder and chairman, CFO Jamie Campbell-Harris and CEO Jonathon Whiteley; a team who have worked together in the business for two decades.

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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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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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Wilmington acquires HSJ from Ascential

Press Relase: Wilmington plc (“Wilmington” or the “Group”), the knowledge leader in Risk & Compliance, Finance, Legal, and Insight, announces it has reached agreement to acquire the Health Service Journal (“HSJ” and the “Acquisition”), the UK’s leading health information, insight and networking business, from Ascential plc for £19m with an adjustment for working capital, payable on completion. The consideration is to be funded from the Group’s existing debt facilities. The Acquisition is expected to complete on 31 January 2017

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Exponent sells Immediate Media to Hubert Burda Media

Press Release: Exponent Private Equity (“Exponent”) today announces that it has agreed to sell Immediate Media Co (“Immediate”) to Hubert Burda Media for an undisclosed sum. Immediate is the UK’s leading and fastest-growing special interest content and platform company. It is home to some of the UK’s best-loved brands – including the Radio Times, the most valuable and profitable magazine brand in the UK. Immediate engages over 19 million passionate consumers each month, offering them world-class content and innovative new products and services, including e-commerce and TV shopping.

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Future acquires assets of Team Rock

Press Release: Future plc (LSE: FUTR, “the Group” or “Future”), the international media group and leading digital business, has acquired the magazines, domain names, events, radio licence and websites of Classic Rock, Metal Hammer, Prog, Blues and the Golden Gods for £800,000 from FRP Advisory, the administrators of Team Rock Limited

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