News - 10/01/2017

Future Publishing buys TeamRock’s classic magazines, websites and events

Future Publishing buys TeamRock’s classic magazines, websites and events

Future Publishing (owner of titles including Guitarist, Total Film and T3) has struck a bargain basement deal to buy TeamRock's magazines, events and licence for the digital radio service for £800,000.

The acquisitions festure thirty-year-old Metal Hammer, Classic Rock and Prog - but also the events Golden Gods Awards and the Classic Rock Awards. Originally, it was Future that sold the titles to TeamRock for £10.2m in 2013.

Zillah Byng-Thorne, chief executive of Future, commented:

The acquisition of these classic rock brands with their associated magazines, events and websites marks a further step in our buy and build strategy. It further reinforces our creation of a leading global specialist media platform with data at its heart, which we are monetising through diversified revenue streams. We look forward to developing further these iconic and much-loved brands and to continuing to serve their communities of dedicated enthusiasts around the world.

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