Singapore-based music platform BandLab Technologies, which last year acquired Guitar and MusicTech magazines, is increasing its investment in media by buying New Musical Express (NME) and Uncut from TI Media (formerly Time Inc UK).
According to a press release sent out this morning, more than 300,000 free copies of the title will be distributed nationally in stations, universities and “retail partners”
NME staff are understood to have been told that discussions have been held with promoters and partners about the prospect of the magazine going free
The Time Inc UK title, launched as New Musical Express, had an average weekly print circulation of just 13,995 in the second half of last year, down 23% on the same period in 2013, according to Audit Bureau of Circulations figures published on Thursday
Circulation figures for what remains of the music listening press are looking very grim indeed
