INDUSTRY MAGAZINE Music Week has been sold for the second time in eight years, as part of a $13.8 million (£9.8m) deal, which sees Future acquire New York-based NewBay Media.
With offices in London and New York, NewBay has a B2B portfolio that includes events and publications covering music, TV, audio, electronics and education. “NewBay is clearly aligned with Future in its mission to create content that connects with market leading titles,” says Future CEO Zillah Byng-Thorne.
Future’s publications include Metal Hammer and Digital Camera.
Music Week and other publications were sold to NewBay by Hertford-based Intent Media in 2012, having acquired it and other titles from publishing giant UBM in 2010.