Future has bought Centaur’s home interest titles for £32m.
The magazines include: Homebuilding & Renovating, Period Living and Real Homes. There are also seven exhibitions.
Together the division made revenue in 2016 of “12.8m and profit (EBITDA) of £3.9m.
Future chief executive Zillah Byng-Thorne said: “Centaur’s Home Interest division will significantly add to our scale and momentum, while further diversifying our revenue streams, as we continue to build a global platform business for specialist media with data at its heart.
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“The Home Interest division brings a strong management team and market-leading access to an attractive new vertical with clear growth potential. Home Interest’s brands, market position, industry-leading events and quality content are a strong fit and will further reinforce our position as a trusted destination for consumers and for our customers.
“We have a track record in profitably integrating acquisitions and we expect the acquisition of Centaur’s Home Interest division to be materially earnings-enhancing in the first full year of ownership.”
The move comes after a strategy at Centaur in recent years of moving away from print publishing.
Read the announcement in full.
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