113-year-old The Railway Magazine and Hi-Fi News are the latest magazines to be sold by IPC in its disposal of smaller and niche titles.
The Railway Magazine is a monthly title covering all aspects of the rail industry. It has been a resilient circulation performer in recent years, slightly growing its sale over the last decade to the current total of 34,715.
It has been bought by Lincolnshire-based Mortons Media Group – which publishes magazines such as Rail Express, Scootering, Heritage Railway and Towpath.
Mortons managing director Brian Hill said: ‘We are proud to welcome such an historic and authoritative title as The Railway Magazine into the Mortons family. We look forward to working with [editor] Nick Pigott and his editorial team to further develop its position as the market leading title in the railway sector.”
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Hi-Fi News has been sold to MyHobbyStore. Launched in 1956 in now sells just under 10,000 copies a month, compared with around 18,000 a decade a go.
MyHobbyStore publishes titles such as Model Engineer, Model Boats and Good Woodworking. Earlier this month it acquired Model Collector and Stamp Magazine from IPC Media.
MyHobbyStore CEO Owen Davies said: ‘Hi-Fi News is an outstanding magazine written for enthusiasts by enthusiasts. We are delighted to welcome the highly dedicated and experienced team to join our growing number of specialist titles.”
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All staff have transferred over to the new companies with immediate effect.
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