View all newsletters
Sign up for our free email newsletters

Fighting for quality news media in the digital age.

  1. Publishers
  2. B2B
June 1, 2017

Ascential sells 11 former Emap magazine brands to Metropolis for £23.5m

By Dominic Ponsford

Ascential has sold 11 business media brands which were formerly part of Emap to Croydon based publisher Metropolis for £23.5m.

The titles sold include some of the most famous names in business to business journalism and comprise: Drapers, Nursing Times, Local Government Chronicle, Construction News, New Civil Engineer, Ground Engineering, H&V News/RAC, Retail Jeweller, Materials Recycling World, Architects’ Journal and The Architectural Review.

The move follows the news in January that 13 “Heritage Brands” were being put up for sale by Ascential.

On 19 January, Health Service Journal was sold to Wilmington plc for £19m. The sale process continues for Meed (formerly known as the Middle East Economist Digest).

The 11 titles sold to Metropolis generated revenue of £32.1m in 2016 and profit (EBITDA) of £6.9m. In 2015 their combined profit figure was £8m.

Ascential chief executive Duncan Painter said: “Ascential’s strategy is to focus on its top performing brands to drive sustainable organic growth.”

Ascential was formerly called Top Right Group and was created in 2007 when Guardian Media Group and Apax bought Emap for £1bn.

Content from our partners
Mather Economics and InsurAds combine to help publishers boost revenue
Press Gazette publishes ultimate guide to reader conversion and monetisation
Slow online ads cost UK publishers £50m a year: Here's how to fix them

Ascential runs the Cannes Lions festival for the branded communications industry, payments and financial services congress Money20/20, fashion trend forecasting service WGSN, environmental risk data business Groundsure and e-commerce analytics provider One Click Retail.

Topics in this article : ,

Email to point out mistakes, provide story tips or send in a letter for publication on our "Letters Page" blog

Select and enter your email address Weekly insight into the big strategic issues affecting the future of the news industry. Essential reading for media leaders every Thursday. Your morning brew of news about the world of news from Press Gazette and elsewhere in the media. Sent at around 10am UK time. Our weekly does of strategic insight about the future of news media aimed at US readers. A fortnightly update from the front-line of news and advertising. Aimed at marketers and those involved in the advertising industry.
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy Policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network