According to The Press Gazette, the chief executive of Hubert Burda Media UK, Luke Patten, has bought the company’s real-life titles Love It! and Full House!
HBM said the magazines had been sold to a company called Pep Publishing, which according to a Companies House report was incorporated in February with Patten as sole director.
A spokesman for HBM said Patten would continue in his role as chief executive of the company, confirming that Pep Publishing was not a subsidiary of HBM but wholly-owned by Patten.
Under the terms of the sale all current stuff will be transferred to Pep Publishing and no redundancies are anticipated.
The sell-off means HBM now has five titles in its portfolio: Your Home, Wedding Magazine, Wedding Flowers, Essential Kitchen Bathroom Bedroom, and the recently launched lifestyle magazine LandLove.
In a statement, Fabrizio D’angelo, head of Hubert Burda International, said: “We are concentrating on our growing UK portfolio of monthly titles with a continuing strategy of acquisition and international group launches. We wish Pep every success.”
- Hubert Burda Media UK completes the purchase of Wedding and Wedding Flowers magazines from IPC Posted on November 30, 2011