Haymarket sells major publications to Nextmedia

Screen Shot 2013-11-29 at 11.35.41 AMHaymarket Media is understood to have sold its major publications including iTnews, PC & Tech Authority and FourfourTwo to publisher Nextmedia.

The move further consolidates Nextmedia’s position as one of the major magazine publishers in Australia and comes after they purchased other titles, including Inside Sport, Golf Australia, Tracks and Australian Mountain Bike magazine, from Bauer in July.

It could also signal the exit of Haymarket from Australia.

The sale will expected to see 25 staff will move across to Nextmedia in mid December, reports PR trade press website Influencing.

At the time of publishing neither Haymarket nor Nextmedia had responded to requests for comment.


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