Ascential to sell heritage publications
On 5 January 2017, Ascential, the business information and events company, announced that 13 ‘heritage’ brands would be separated from the main business with a view to selling them, either individually or together. These heritage titles were part of Ascential’s Plexus division, previously known as Emap.
The sale includes a number of well-known construction industry publications:
- Architects' Journal.
- Architectural Review.
- Construction News.
- Ground Engineering.
- Heating & Ventilation News.
- New Civil Engineer.
- World Architecture Festival.
In a press release, Ascential, which floated on the stock exchange in February 2016, said, “The board now considers a sale of the segment to be highly probable and has therefore reclassified it as a discontinued operation.”
Chief executive Duncan Painter said, "Ascential's growth strategy continues to be to focus its resources and investment on its largest brands and those with the highest growth potential. Our top five products represented 56% of Group revenue and 71% of Adjusted EBITDA in the 12 months to 30 June 2016. This move will further focus our portfolio on our largest market leading products. The Heritage Brands, with large, loyal audience communities, provide an exciting opportunity for new owners."
This would leave Ascential with just one publishing asset, Retail Week.
Proceeds of the sale, will go to Ascential's trend forecasting and events services.
In June 2017, these publications were purchased by Metropolis. Ref https://www.metropolis.co.uk/2017/06/01/metropolis-announces-acquisition-of-11-leading-b2b-brands/
Featured articles and news
The benefits of writing articles for your organisation
How to create a profile for your organisation and publish for free.
No Falls Week. The importance of safe working at height
What to expect and what is on offer to avoid accidents.
Scottish Government action to reach net-zero targets
Retrofit expert group highlight critical actions needed.
A forward thinking, inclusive global community of members.
From engineered product life-spans, to their extension.
Circular economy in the built environment
A brief description from 2021. Where are we now?
Mental Health Awareness Week with ABS
Architects Benevolent Society programme of activity.
CLC publishes domestic retrofit competency framework
Roadmap of Skills for net zero.
May 13-19: Moving more for our mental health.
Understanding is key to conservation.
Open industry engagement survey seeks responses
Institutions and the importance of engagement.
National Retrofit Hub unveils new guide
Digital Building Logbooks and Retrofit: An Introduction.
Enhancing construction site reporting efficiency
Through digitisation and the digital revolution.
Noise in the built environment
BSRIA guide TG 20/2021.
17,000 people suffer conditions as a result of exposure to excessive noise at work.
Turning down the noise: Auditory health
A pervasive risk with far-reaching consequences.
Getting the most out of heat pumps and heating
How heat pumps work and how they work best.
Electrotechnical excellence, now open for entries.