Nextmedia acquired by Forum Media Group

Specialist publisher Nextmedia – the company behind titles including Inside Sport, Golf Australia and Tracks – has been acquired by Germany-based Forum Media Group.

The announcement:

Nextmedia (“Next”) has today announced that FORUM MEDIA GROUP (“Forum”) has acquired 100% of the share capital of Next from Wolseley Private Equity (“Wolseley”) positioning the business for further growth.

Next was established five years ago through the amalgamation of three specialist publishers and with subsequent acquisitions and licences has expanded its portfolio to over 40 specialist magazine titles and a range of books, posters, DVDs, events and websites, enewsletters and digital communications. Over the last three years Next has delivered outstanding growth and has become Australia’s leading specialist publisher and fourth largest consumer publisher.