DC Thomson Media has bought a publisher of almost 40 magazine titles as part of its plan toÂ transform into “multimedia content creators and distributors”.
The publisher today announced its acquisiton of Aceville Publications, a Colchester-based magazine company which currently publishes 35 consumer and B2B magazines and 36 different websites.
These include specialist craft, gardening, health and food publications such as Health & Wellbeing, Let’s Knit, Veggie, and Sew.
Dundee-based DC Thomson already has a portfolio of more than 20 magazines, including the Beano and over 60s women’s weekly The People’s Friend.
DC Thomson Media chief executiveÂ Mike Watson said: â€œWeâ€™re excited to have acquired Aceville and are looking forward to working together.
“The team at Aceville, and their portfolio, are a great fit for our business and this collaboration opens up a host of opportunities for both businesses.”
He added:Â â€œThis acquisition will materially change our landscape and is a key step in our ‘Protect, Launch, Diversify’ strategy.â€�
DC Thomson Media’s focus following the acquisition is to increase its market share andÂ continue to transform “from traditional magazine publishers to multimedia content creators and distributors”, the company said in a statement.
It added that it was now within the top five consumer magazine publishers in the UK with around 70 magazines and a number of digital properties and events.
Aceville managing director Matthew Tudor said:Â â€œWeâ€™re thrilled to be joining DC Thomson Media. Â They have great heritage and credibility in the publishing industry and Iâ€™m looking forward to working together to strengthen the combined portfolio.
â€œDC Thomson Media holds some brilliant brands and Iâ€™m confident the Aceville titles and expertise will complement this. The portfolios align brilliantly and bring real opportunity to improve content for all of our readers.â€�
DC Thomson also publishes a number of newspapers including the Press & Journal, The Courier, and the Evening Express.
Source: Digital Journalism