Markets Media has acquired Traders Magazine from SourceMedia, it was announced Tuesday. Markets Media CEO Mohan Virdee would not comment on the terms of the deal or whether any staffers will be laid off but said more details will be released in the upcoming weeks. This acquisition gives Markets Media a total unique audience of 135,000 — 120,000 digital readers and 15,000 print readers — according to a press release.
“Traders has got a very good brand. It’s got a very good following, especially the industry in North America,” Virdee tells Folio:. “Markets Media has a very good footprint which will be complimentary, but we also bring Europe into play…We publish very good content for the trading and investing community, and we do that on a daily basis.”
Markets Media covers institutional trading and investing in North America and Europe. Founded in 2007, it publishes Markets Media in print and online, in addition to events such as Global Markets Summit, Summer Trading Network, and Markets Choice Awards.