Reed Business Information agrees to divest several websites and magazines

Reed Business Information (RBI) has announced today that it has agreed to divest personneltoday.com, personneltodayjobs.com, Occupational Health & Wellbeing, whatmedia.co.uk and the Recruitment Advertising Awards, and their associated products, services and events, to DVV Media International Limited, the UK professional publishing division of Rheinishe Post. Terms were not disclosed.

This decision reflects RBI’s continuing strategic priority of focusing on its data and analytics business.

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Electric Word is going private in a deal worth £16.58m

In a RNS this morning Electric Word has announced that it has agreed to its sale to a newly incorporated company controlled by owned and controlled by Riccardo Silva and Marco Auletta of Silva International for a total sum of approximately £16.58m. Since disposals of other assets last year Electric Word’s sole business has been SportBusiness, a name which the business will now revert to.

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Chelsea Magazine Company acquires Popshot Magazine

Press Release: The Chelsea Magazine Company has acquired Popshot Magazine, a contemporary illustrated literary magazine that publishes short stories, flash fiction, and poetry for up-and-coming authors and illustrators. The magazine is published bi-annually, releasing a new issue every April and October, each with a different theme. The Print Edition is stocked in 24 countries worldwide with the Digital Edition and Online Journal available online via the Popshot Magazine website

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Rodale Puts Itself Up For Sale

Yesterday One of the world’s biggest health and wellness media companies has vaulted spryly on to the auction block. On Wednesday, Rodale, Inc., publisher of Men’s Health, Women’s Health, Prevention and Runner’s World, among other titles, announced that it is considering “strategic alternatives” for the company, including a potential sale

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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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