Mon, 07 Feb 2011 | DIVISION SALE
The strategic options for magazine company, IPC Media, are being reviewed by owner, Time Warner, with a view to potentially selling off some of the company's well-known titles.
The review of the complete portfolio by its parent company, follows IPC's own review of its specialist titles just last year. Sources close to the deal have said that selling blocks of titles and selling individual magazines are both options that are being considered.
The same sources emphasised, however, that a full-scale, complete sale of the company is unlikely at this stage.
IPC's current portfolio includes some of the UK's most well-known publications, including Marie Claire, NME, Horse & Hound and Nuts. The company has off-loaded a number of titles in recent years, including selling Loaded magazine to Vitality Publishing and Web User to Dennis Publishing. It is thought that the review will likely lead to further disposals over the course of this year.
The news of the potential sale came scarcely a decade after Time Warner first bought IPC Media. It purchased that company in 2001 for £1.15 billion from its previous owners Cinven.
The previous chief executive of the company, Sylvia Auton, only last month returned to IPC to re-take the reins, having spent two years working directly at Time Warner in New York. This move first prompted the now-confirmed speculation that she was returning to oversee the sale of some or all of the business.
IPC's stable of magazines that could be put up for sale include: 25 Beautiful Homes, Amateur Gardening, Amateur Photographer, Angler's Mail, Beautiful Kitchens, Chat, Chat - It's Fate, Chat Passion, Country Homes & Interiors, Country Life, Cycle Sport, Cycling Active, Cycling Weekly, Decanter, essentials, European Boatbuilder, Eventing, Golf Monthly, goodtoknow, goodtoknow Recipes, Homes & Gardens, Horse, Horse & Hound, Housetohome, IBI (International Boat Industry), Ideal Home, InStyle, Livingetc, Look, Marie Claire, Motor Boat & Yachting, Motor Boats Monthly, Mountain Bike Rider (MBR), Mousebreaker, NME, Now, Nuts, Pick Me Up, Practical Boat Owner, Rugby World, Shooting Times & Country Magazine, Shootinguk, Soaplife, Sporting Gun, Superyacht Business, SuperYacht World, The Field, The Shooting Gazette, TV & Satellite Week, TV easy, TVTimes, Uncut, VolksWorld, Wallpaper, What Digital Camera, What's on TV, Woman, woman&home, Woman’s Own, Woman’s Weekly, World Soccer, Yachting Monthly and Yachting World.
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LEASEHOLD
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