Murdoch’s Information UK mulls bid for The Week mag

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Rupert Murdoch’s British newspaper empire is weighing a bid for The Week, the inside track and present affairs mag.

Sky Information has learnt that Information UK, writer of The Solar and The Occasions, is amongst numerous events that have expressed an hobby in obtaining the weekly identify from Dennis Publishing.

Information UK’s hobby is at an early degree and won’t essentially translate into a proper be offering for The Week, in keeping with trade insiders.

If it does continue with an be offering, it will mark a strategic shift for Information UK, which doesn’t recently submit magazines rather then the ones dispensed as dietary supplements in its nationwide newspapers.

Rupert Murdoch is pictured with his wife Jerry Hall. Pic: AP
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Rupert Murdoch is pictured together with his spouse Jerry Corridor. Percent: AP

Information UK is a department of Information Corp, the New York-listed media conglomerate headed by way of Mr Murdoch and his son, Lachlan.

The British-based arm, which additionally publishes the Occasions Literary Complement, additionally homes the TalkSport and Virgin Radio broadcaster, Wi-fi.

Information UK is regarded as considered one of a number of possible strategic bidders for The Week, which Sky Information printed closing weekend was once up on the market.

The Week, which ranks amongst Britain’s biggest-selling information and present affairs magazines, is a part of Dennis Publishing, which is owned by way of Exponent Non-public Fairness.

Liontree Advisors, the funding financial institution, is overseeing an public sale.

The transfer to promote the identify follows a length of falling print stream for The Week, with that pattern, on the other hand, being offset by way of surging gross sales of The Week Junior, its present affairs identify for more youthful readers.

It’s understood that the sale procedure handiest pertains to Dennis Publishing’s flagship mag and does now not come with any of the opposite manufacturers in its portfolio, which come with Fortean Occasions, Minecraft International, MoneyWeek and Viz.

The proposed sale comes 3 years after Exponent noticed off festival from Day by day Mail & Normal Believe (DMGT) to procure Dennis.

DMGT isn’t regarded as a few of the present suitors for The Week.

Dennis was once put it on the market in 2018 by way of the executors of founder Felix Dennis’s property, with the proceeds therefore dispensed to The Middle of England Wooded area Charity, which was once additionally arrange by way of the tree-loving rich person.

Each Dennis and publishing competitors have supplied proof of the toll being exerted on print media teams amid rising drive on promoting revenues, with readers an increasing number of transferring on-line.

Information UK declined to remark.

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