Future Publishing has ditched plans to buy Stuff magazine from Haymarket Media Group after initial discussions with the UK’s competition watchdog. Nonetheless the magazine publisher has completed its planned buyout of four of Haymarket’s other specialist consumer titles: What Hi-Fi?, Four Four Two, Practical Caravan, and Practical Motorhome.
The four magazines together generated revenue of £9.6m in the last financial year to June 2017, Future said. The deal, which was originally worth £14m, has been reduced to up to £13m after the removal of technology and lifestyle magazine Stuff. Future said it had decided not to pursue the acquisition of Stuff after talks with the Competition and Markets Authority.