Completing a two-year-long divestment process, Rogers Media, once far and away Canada’s largest magazine publisher, will soon pull out of the print media business entirely. The company has reached an agreement to sell all five of its remaining magazines—including 114-year-old news magazine Maclean’s and both the English- and French-language editions of Chatelaine—to St. Joseph Communications, the Ontario-based publisher of Toronto Life and Fashion magazines, among others, the two sides revealed in a joint announcement Wednesday. Terms of the deal, expected to close in April, were not disclosed. Click Read More below for additional detail.
(printweek.com) Dennis Publishing and its 30-plus titles have been acquired by private equity firm Exponent and the proceeds of the deal will fund the development of woodland in Warwickshire.
Following a bidding war, which saw the Daily Mail & General Trust’s (DMGT) attempt to acquire flagship Dennis title The Week thwarted by Exponent’s proposal to acquire the full company earlier this month, Dennis has been bought by Exponent for an undisclosed sum.
Initial reports from Sky News suggested Exponent could pay between £150m and £200m, with The Week alone valued at around £100m, although the final amount was unconfirmed.
Dennis’ titles are centred around four key areas – current affairs, technology, automotive and special interest – and alongside The Week include MoneyWeek – acquired last July – The Week Junior, Viz, Car Buyer and Computer Active.
Dennis chief executive James Tye said: “Dennis is and will continue to be the most dynamic media company in the UK. We have grown strongly every year now since 2009 and that growth ambition is absolutely shared by Exponent.
“As partners, Exponent recognise the potential Dennis has and want Dennis to grow in size, reach and stature under their ownership.
“It’s business as usual, with no changes planned. As partners, we share the belief that innovation and ambition are the keys to success and it’s this shared vision that will propel Dennis to its next phase of growth.”
more at source: https://www.printweek.com/print-week/news/1165155/dennis-publishing-acquired-by-exponent?utm_content=&utm_campaign=310718_PWdaily&utm_source=PrintWeek&utm_medium=adestra_email&utm_term=http%3A%2F%2Fwww.printweek.com%2Fprint-week%2Fnews%2F1165155%2Fdennis-publishing-acquired-by-exponent