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Haymarket Media Closes Australian Office

05 Dec 2013

Haymarket Media is ceasing publishing within Australia and is selling or licensing its nine brands to local publishers. The lion's share will be taken over by nextmedia. Nextmedia is acquiring iTnews, Secure Computing, PC & Tech Authority and BIT, and licensing FourFourTwo and F1 Racing. It will also take over the custom projects and the license for CRN from The Channel Company. Haymarket is at the closing stages of agreeing the sale of ProPrint and is negotiating with another publisher about the acquisition of Limelight.

Haymarket Media's managing director Jeremy Vaughan said today: "We'd been considering our options in Australia so when nextmedia approached us we felt it was the right opportunity to divest.

"With the Haymarket Media Group internationally focusing on its chosen sectors, and the recent expansion in Singapore, we saw this as an ideal time for our Australian brands to go to local publishers that will invest to ensure their long term future."

To read the full release click here

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