The Week, certainly one of Britain’s biggest-selling information and present affairs magazines, has been promote it in a transfer this is most probably to draw hobby from main newspaper publishers.
Sky Information has learnt that Dennis Publishing, the magazines and on-line media staff owned through Exponent Non-public Fairness, has employed funding bankers to gauge hobby in The Week from potential patrons.
Town assets stated this weekend that Liontree Advisors were appointed through Dennis Publishing to supervise an public sale.
The transfer to promote the identify follows a length of falling print move for The Week, with that pattern, on the other hand, being offset through surging gross sales of The Week Junior, its present affairs identify for more youthful readers.
It’s understood that the sale procedure most effective pertains to Dennis Publishing’s flagship mag and does no longer come with any of the opposite manufacturers in its portfolio, which come with AutoExpress, Fortean Instances, Minecraft International, MoneyWeek and Viz.
The proposed sale comes 3 years after Exponent noticed off pageant from Day by day Mail & Common Agree with (DMGT to procure Dennis.
It was once unclear this weekend whether or not DMGT can be some of the suitors for The Week, despite the fact that analysts stated giant publishing teams had been prone to imagine making gives for the identify.
Dennis was once promote it in 2018 through the executors of founder Felix Dennis’s property, with the proceeds due to this fact dispensed to The Center of England Woodland Charity, which was once additionally arrange through the tree-loving mogul.
Each Dennis and publishing opponents have supplied proof of the toll being exerted on print media teams amid rising force on promoting revenues, with readers more and more transferring on-line.
Exponent didn’t reply to a request for touch upon Sunday.