TI Media, the publisher of Horse&Hound and Country Life, is being sold by private equity firm Epiris to Future Plc.
The £140 million deal is expected to close in early 2020, subject to CMA (Competitions and Markets Authority) approval.
Bath based Future Plc has magazines, websites and events covering gaming, cycling, music, technology, home interest and education.
Epiris acquired TI Media (formerly Time Inc. UK) from Meredith Corporation in March 2018. TI Media sold its comic and music titles earlier this year.
Following the latest sale announcement, TI Media’s CEO Marcus Rich said: “I am confident that TI Media’s portfolio of iconic brands will continue to thrive as part of the Future family.”
Future’s CEO, Zillah Byng-Thorne, added: “We have long admired TI Media, and I am thrilled at the prospect of bringing our exceptional teams together.
“I truly believe that through our combined passion, determination and expertise that we will be a super-force of specialist media”.
