Hubert Burda Media acquires Love It!
News International has sold its failed magazine business News Magazines to Hubert Burda Media for an undisclosed sum. News Magazines now only publishes real life weekly title Love It!.
Love It! has a circulation of 372,247, according to the latest Audit Bureau of Circulations figures. The sale comes six months after News International announced it would close down News Magazines after failing to crack the consumer magazine market.
News Magazines had also previously published Sky Magazine and the Sunday Times Travel Magazine. They are now published in-house by News International.
Hubert Burda Media UK is part of media company Hubert Burda Media Group, which publishes magazines around the world. Its UK portfolio of consumer magazines includes Full House!, Your Home, Health & Fitness and Period House.
The company claims that over the last five years the number of foreign publications in the Hubert Burda portfolio has doubled to 186.
Hubert Burda Media is an international media group which has key offices in Germany, central and eastern Europe, Russia and Asia.