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
Top 50 firms awarded 52bn of projects in the last year
New engineering data shows.
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.
UK Construction Week, London is here !
Debuting major international pavilions and much more.
Getting the most out of heat pumps and heating
How heat pumps work and how they work best.
Plumbing and heating for successful retrofit and renovation
Low temperature underfloor systems and heat pumps.
Cost-of-living crisis and home improvement plans
Starting on the right footing and top tips for projects.
Delays on construction projects
Types, mitigation and the acceleration of works.
From Chaucer to Fawlty Towers.
Electrotechnical excellence, now open for entries.
Net zero electricity grids BSRIA guide NZG 5/2024
Outlining the changes needed to transition to net zero.
CIOB Global Student Challenge 2024
Universitas Indonesia wins for second year running.
ECA 2024 Apprentice of the Year Award
Entries open for submission until May 31.