Northern & Shell to sell their magazine business

Media Week is reporting that Richard Desmond, founder and owner of Northern & Shell, is to sell the company’s magazine business.

Barclays Capital has been appointed to run the process. Media Week quotes the Barclays Capital presentation has saying that  OK! Magazine in the UK made a profit of around £20m last year. They may be selling the loss making US edition separately from the other 20 international editions.

Read the full story

UK, London