NewswireToday - /newswire/ -
Bath, Banes, United Kingdom, 2012/05/22 - Future Publishing, the specialist media group and leading digital publisher, announces the sale of Trucking and Truckstop News to Kelsey Publishing Limited - kelsey.co.uk / Futureplc.com. LSE: FUTR
Trucking is Britain’s leading road-transport magazine. Appealing to all levels of the industry it offers a unique mix of news, features, commentary and truck road tests. Many of Trucking’s writers and photographers are professional truck drivers. Truckstop News is the free monthly national newspaper for truckers.
The deal sees Kelsey Publishing acquire the brands and their associated assets for a consideration of up to £1.1m − £1m of the gross consideration in cash at completion, with a further £0.1m deferred subject to the financial performance of the assets over the next 12 months.
Kelsey Publishing is one of the UK’s foremost publishers of specialist magazines and books − produced for enthusiasts by enthusiasts. Kelsey brands include Classic Car Buyer, 4×4, Jaguar World Monthly and Total BMW.
Future Publishing CEO Mark Wood says: “Trucking and Truckstop News are successful and popular titles, but as we focus increasingly on our digital and global growth strategies they are no longer core to Future’s operations. Kelsey is an ideal new home for these specialist magazines and they will flourish there. I would like to thank the Trucking team for all their hard work and superb commitment, and wish them all the best in the future.”
Steve Wright, Managing Director of Kelsey Publishing, says: “We are delighted to announce that Kelsey has acquired Trucking and Truckstop News. We recognise the strength and potential for these brands within our business. Both titles fit naturally within our portfolio of transport magazines”
For More Information contact:
Steve Wright, managing director, Kelsey Publishing, 01959 543570, or email steve.wright[.]kelsey.co.uk.
Future (futureplc.com) is a leader in the field of digital publishing and was named Consumer Digital Publisher of the Year at the annual Association of Online Publishers Awards – becoming the first magazine publisher to win the Award. Future also won the Grand Prix Award at the event in June. Its web and mobile sites deliver 160 million page impressions every month to over 35 million unique users. Future delivers more than 100 digital editions and bespoke apps through the rapidly growing iPad platform and is developing product for new tablet devices coming on stream. Digital now accounts for a third of all Future’s commercial revenues. And its development of video on demand and apps is rightly regarded as market leading. Technology brand T3 is leading the way on iPad, becoming one of the top grossing apps in the UK and one of the very few five star apps in the world. The Future digital portfolio includes award winning and hugely respected brands including: techradar.com, cyclingnews.com, gamesradar.com, computerandvideogames.com, musicradar.com and bikeradar.com/.
About Kelsey Publishing
Kelsey Publishing (kelsey.co.uk) is a specialist consumer magazine publisher based in Kent and Cambridgeshire. The business focuses on the motoring & transport, home interest & pets and sports sectors.