Bibby Finance Bibby Finance
Follow us on Twitter Follow us on LinkedIn Follow us on Instagram
Daily construction news
Weekly plant news

Construction News

Tue April 24 2018

Related Information
Related Information
Related Information
Related Information

News » UK » New owner rescues construction mags » published 1 Jun 2017

New owner rescues construction mags

Some of the UK’s at-risk construction trade magazines are now under new ownership after being on the block all year.

Business publisher Ascential, formerly known as Emap, put up for sale a portfolio of 11 magazines at the start of 2017, including Construction News, New Civil Engineer and Architects' Journal.

They have now been bought by privately owned Metropolis International Limited, which also bought Property Week in 2013.

The sale deal also includes Ground Engineering, H&V News / RAC, Materials Recycling World and The Architectural Review as well as Local Government Chronicle, Drapers, Nursing Times and Retail Jeweller.

Ascential CEO Duncan Painter explained: "Ascential's strategy is to focus on its top performing brands.”

Metropolis International has paid £23.5m in cash for the titles, which collectively generated revenue of £32.1m in 2016 (2015: £34.6m) and adjusted Ebitda of £6.9m (2015: £8.0m). 



Download our free construction news iPhone / iPad app. Sign up to our FREE email newsletters or subscribe to our RSS feed for regular updates on the latest Construction News, Plant News & Contract News. The Construction Index also provides the latest Construction Tenders, Construction Market Data & Construction Law Commentary all FREE.

This article was published on 1 Jun 2017 (last updated on 1 Jun 2017).

More News Channels