The owner of Britain’s Daily Mail newspaper acquired science and technology magazine New Scientist for $97.80 million in cash, as it looks to build out its subscriptions and digital offerings.
Daily Mail and General Trust said on Wednesday its consumer media division bought the publication from a consortium of investors led by New Scientist owner Bernard Gray.
“New Scientist is a world-renowned publication loved by its readers . We are very much looking forward to supporting their exciting plans to grow as the go-to publication for anyone interested in the scientific world around us,” DMGT Chairman Jonathan Harmsworth said.
The purchase comes soon after the British firm agreed to sell its EdTech business, Hobsons, in an effort to narrow its focus on a handful of businesses.
Daily Mail owner buys New Scientist magazine in £70m deal
theguardian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theguardian.com Daily Mail and Mail on Sunday newspapers.
European Shares Rise Ahead Of UK Budget
finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Daily Mail owner snaps up New Scientist for £70m
milfordmercury.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from milfordmercury.co.uk Daily Mail and Mail on Sunday newspapers.
Daily Mail owner snaps up New Scientist for £70m
thecourier.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thecourier.co.uk Daily Mail and Mail on Sunday newspapers.