Telegraph Group acquires UK marine publisher
Telegraph Media Group has acquired The Chelsea Magazine Company (CMC), an independent publisher of marine and lifestyle content, for an undisclosed amount.
Founded in 2007 by Paul Dobson, CMC offers a portfolio of specialist consumer brands including Classic Boat, Sailing Today and Cruise & Travel. Other CMC titles include The English Home, The English Garden, Artists & Illustrators and Britain. The portfolio offers print and digital subscriptions and is said to reach a combined monthly audience of 2.5 million in the UK and abroad.
Telegraph Media Group (TMG) is the publisher of titles include The Daily Telegraph, The Sunday Telegraph and The Telegraph Magazine.
Nick Hugh, CEO of Telegraph Media Group, says: “The success of our subscription strategy over the last five years has put TMG in a strong position, providing us with the capability to invest in other publishing groups. I am delighted that CMC will be joining TMG and our portfolio of award-winning publications. This investment will help us to deepen our subscriber relationships and scale our market both in the UK and the US, furthering our vision to reach more subscribers than ever before.”
James Dobson, managing director of The Chelsea Magazine Company, says: “TMG offers a fantastic platform to grow print and digital audiences, and together with my CMC colleagues, I am excited to work alongside such an established industry leader.”
Founder Paul Dobson is now stepping down from the business and his position as executive chairman.
