- Project plans
- Project activities
- Legislation and standards
- Industry context
Last edited 07 Dec 2017
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
Seven steps to defining a digital twin.
Achieving air tightness in buildings.
What are the benefits of smart homes for Millennial end-users?
How dynamic briefing can result in an efficient project.
Achieving sustainable roads funding in England.
Your chance to comment on the draft BS 851188 - flood resistance products and flood protection products.
Rebuilding could take 20 to 40 years.
RSHP’s high-rise residential towers win a tall buildings award for excellence.
BSRIA study reveals strong growth in 2018.
Dame Judith Hackitt confirmed as keynote speaker – one year on from the Hackitt Report.
Save £100 on tickets.
Modern slavery in the construction sector.
What to bear in mind when claiming damages in construction.
How do we achieve sustainable clean-water infrastructure for all?