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Ascential puts Drapers and Nursing Times up for sale in break with trade publishing Ascential, the business information and events company, has put more than a dozen trade magazines, including the 111 year oldNursing Times andthe fashion trade bible Drapers,up for sale in the latest phase of its move away from publishing.
The titles are being held for sale in a separate operating arm while Ascential, formerly known as Top Right Group, and before that Emap, holds talks with potential buyers. Duncan Painter, the company's chief executive, said the magazines who carries kate spade could be sold as a single lot or separated according to buyers' wishes. The company saidit believed a sale was "highly probable" on the basis of ongoing discussions, prompting the decision to separate the magazines for accounting purposes. Mr Painter said: "These are good quality businesses. We are very positive there are buyers for them." Following a sale, the company will be left with only one publishing asset, Retail Week, which Mr Painter said had made the most progress away from trade titles' traditional reliance on print advertising and towards digital sources of revenue. The Retail Week brand is also used for a series of industry conferences and is viewed as complementary to One Click Retail, an e commerce service Ascential acquired last year.
Proceeds of kate spade shop near me the kate spade scallop bag sale, together the money that could have been spent helping the magazines complete the shift to digital, will be invested in Ascential's main businesses, which include the trend forecasting service WGSN and Cannes Lions advertising festival. The company, which floated on the stock exchange last February, is following a path taken by other trade publishers over the last decades. Relx, Pearson and UBM, among others, have reduced their exposure to specialist traditional kate spade handbags canada media in favour of events, business information and digital services.
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