A variety of magazines, websites, radio license, and domain names have been acquired.
Classic Rock, Metal Hammer, Prog, Blues, and the Golden Gods have been acquired by Future for a total of £800, 000 from FRP Advisory, the administrators for Team Rock Ltd.
A statement on the Future website stated:
"With their dedicated fanbase, these highly respected titles greatly complement the Future offering. The organisation is keen to preserve these iconic brands and harness their potential as part of the portfolio.
Audience satisfaction is a top priority at Future. By supporting these brands, consumers will continue to enjoy the brands editorial prowess alongside Futures comprehensive portfolio of music titles. They will also see the advantages of Futures strong events and digital resource pay dividends."
Zillah Byng-Thorne, chief executive of Future, said: 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.
Tom MacLennan, joint administrator and partner with FRP Advisory, said: We are delighted to have sold the assets of Team Rock Limited to Future plc and wish the new owners every success. The deal took just three weeks to conclude, during which time FRP Advisory received extensive support for our efforts to find a buyer, for which we are very grateful.
Keep in touch
Get our free weekly retail newsstand report
Enter your email below for our free weekly retail newsstand report, InterMedia updates and relevant industry news. You can easily unsubscribe at any time. Click here for our privacy policy.
We love cookies
This website uses cookies based on your browsing activity. By continuing
to use this website you consent to our Privacy Policy and Cookies Policy.