The Hammer Didn’t Fall: Metal Hammer magazine saved after being bought by Future Publishing

From the Independent

Metal Hammer magazine has been saved from closure, along with Classic Rock and Prog, after going into administration in December.

More than 70 staff were put out of work days before Christmas, with no severance pay, which prompted the British band Orange Goblin to launch a fundraising campaign which raised more than £85,000 for staff and their families.

They also held a fundraising gig at the Black Heart in Camden, London on 5 January.

The titles have now been bought back by Future publishing for £800,000, which includes the magazines, events and licence for the Team Rock digital radio service.

Future was the company which sold the titles to Team Rock for £10.2 million in 2013, and owns titles including Total Guitarist and Rhythm magazines.

Zillah Byng-Thorne, chief executive of Future, said: ‘The acquisition of these classic rock brands with their associated magazines, events and websites marks a further step in our buy and build strategy.

You can read more here

If you’re looking for classic rock, metal and more on vinyl and CD, be sure to check eil.com

 

1 Comment

  1. ‘acquisition of…brands’? a ‘buy and build strategy’? Zillah Byng-Thorne???? I remember the good old days when Metal Hammer used be all about the music, maaaan…

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