November 29, 2013
Nextmedia (“Next”) has today announced it has acquired the majority of Haymarket Media Pty Ltd’s (“Haymarket”) business and consumer media brands, positioning Next for further growth. Next has acquired market leading B2B and consumer technology publications and digital properties IT News, CRN and PC Tech & Authority and will license consumer football and motorsport brands FourFourTwo and F1 Racing from Haymarket Media Group UK. There are 25 talented and dedicated Haymarket staff joining Next who will help grow and develop the titles and digital properties within the Next business.
Haymarket Media Pty Ltd is the Australian division of international business and consumer media and information company, Haymarket Media Group, which set up in Australia 12 years ago. It developed a market leading position with a number of technology products including dedicated websites, mobile applications and live events. Haymarket will discontinue direct operations in Australia and focus on business in UK, USA, Asia, India and Europe.
David Gardiner, Chief Executive Officer of nextmedia, said “with the recent investment in nextmedia by Forum Media Group, this is a terrific opportunity for Next to establish a platform in the B2B sector in Australia. CRN and IT News are market leading B2B products that are held in high regard by the industry. They have a terrific team of dedicated staff. These Haymarket products are a great fit with our existing gaming, technology, sport and motoring brands and we will be exploring new licensing opportunities with Haymarket Media Group. We look forward to welcoming the Haymarket staff to Next.”
Jeremy Vaughan, Managing Director of Haymarket Media Pty Ltd said: “We created and developed outstanding brands in Australia that have been recognised through many awards for their market leading products. We are very proud of the talented and dedicated team of people who worked with us, and are pleased to have found a good company in Next for them to prosper”.
For further information please contact:
David Gardiner, Chief Executive Officer at nextmedia (02) 9901 6100
Jeremy Vaughan, Managing Director at Haymarket Media Pty Ltd (02) 8399 3611
nextmedia publishes more than 40 leading special interest publications plus websites, forums, books, DVDs and posters including titles such as Inside Sport, Golf Australia, Tracks, Australian Muscle Car, Bluewater Boats & Sports Fishing, PC PowerPlay, Sound & Image, Camera, Healthy Food Guide and a range of kids’ titles.
Nextmedia is owned by FORUM MEDIA GROUP which specialise in the information, education and entertainment business fields. Located near Munich, Germany, the media group was established in 1988 and has bases in 15 countries with 24 independent companies. The product range includes print and online media as well as software products and professional training. About 780 employees work with FORUM MEDIA GROUP worldwide. www.forum-media.com