Media

New rock-focused media firm buys Classic Rock and Metal Hammer

By | Published on Tuesday 2 April 2013

TeamRock

A new business led by the former boss of the Guardian Media Group’s one-time radio company, John Myers, has bought Future Publishing’s two music titles, Classic Rock and Metal Hammer, with plans to use them as the foundation of a new content creation and distribution company aimed at what it calls the “large but under-served community” of rock music fans.

The new company, called TeamRock, also involves Billy Anderson, the former GMG Radio exec who was at one point linked to a plan to take one of that company’s rock stations into independent ownership. The new venture, which says it will have other announcements to make soon, has backing from Harwood Private Equity.

Confirming his new venture’s first acquisition, which also includes the two titles’ spin-off award events, Myers told The Guardian: “This is a great business and is the first building block of our wider ambitions. We expect to announce further developments within the next day or so”.

Meanwhile the CEO of Future, Mark Wood, added: “Classic Rock and Metal Hammer are highly successful and well-managed parts of Future, but they have not been centre stage in our current growth strategy. They are great brands with a great team and I am confident they will continue to flourish under new investment from TeamRock”.



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