British media company snaps up New Scientist magazine for £70m in cash
The 65-year-old scientific title is expected to post £7m profit in 2021
03 March 2021 - 17:11
Bengaluru — The owner of Britain's Daily Mail newspaper acquired science and technology magazine New Scientist for £70m in cash, as it looks to build out its subscriptions and digital offerings.
British multinational media company Daily Mail and General Trust (DMGT) said on Wednesday its consumer media division bought the publication from a consortium of investors led by New Scientist owner Bernard Gray...
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