“I am delighted to announce the acquisition of a high-quality portfolio of Dennis’ trusted brands that will accelerate our strategy,” said Zillah Byng-Thorne, the chief executive of Future.įuture, whose market value has increased from about £30m to £4.7bn over the last seven years, was one of the top risers on the FTSE 250 on Monday as investors welcomed the latest round of consolidation in the publishing sector. Dennis’ automotive magazines, which include Auto Express and Octane, have already been spun off into a separate company called Autovia, which is chaired by the former MoneySuperMarket chief executive Peter Plumb.
THE WEEK MAGAZINE DEAL PRO
The deal is the latest in a buying spree by Britain’s biggest magazine publisher, which spent almost £600m buying the comparison site GoCompare in November, and will hand a significant profit to Dennis Publishing’s private equity owners Exponent.įuture is buying a portfolio of 12 titles including the adult and junior versions of current affairs title The Week in the US and UK, MoneyWeek, Coach, Computer Active, PC Pro and IT Pro.Įxponent, which acquired the publishing company founded by the late Felix Dennis in 2018 for £166m, is keeping Viz, Fortean Times, Cyclist and Expert Reviews. Jeremy W.Future, the owner of titles including Country Life and Metal Hammer, has acquired the publisher of magazines including The Week and Minecraft World in a £300m deal."The Week expands website orial team to 12 as it exceeds 2m browsers per month". ^ "Country Life owner buys Dennis Publishing in £300m deal".: CS1 maint: date and year ( link) (Archived link from Wayback Machine) Archived from the original on 23 October 2012. ^ "The Week to launch children's magazine: The Week Junior"."Life spans of Library Journal's 'Best Magazines of the Year' ". ^ a b "The 20 Best Magazines of the Decade (2000-2009)".