RELX Agrees To Sell Farmers Weekly Magazine To Mark Allen Group.
(Alliance News) - RELX PLC has agreed to sell magazine Farmers Weekly to Mark Allen Group, it announced on Friday.
The portfolio includes the magazine brand, a community website, and online trading platforms on FWi.com, an events portfolio including the Farmers Weekly Awards, newsletters and social media platforms.
Farmers Weekly was launched in 1934 and has a circulation of nearly 42,000, with more than 26,000 subscribers.
Farmers Weekly will continue to be based at its Sutton offices, with 54 members of its staff transferring.
No financial details of the sale were given.
"I'm really excited about embarking on the next chapter of the Farmers Weekly story as part of the Mark Allen Group. [Reed Business Information, a part of RELX] has been a good home for Farmers Weekly, but it's great to be joining a company completely focused on and passionate about publishing and events," said Karl Schneider, publishing director and editor-in-chief of Farmers Weekly.
Shares in the London-listed business information publisher were up 0.3% at 1,909.00 pence on Friday.
By Lucy Heming; firstname.lastname@example.org
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|Date:||Dec 20, 2019|
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