British publisher EMAP has bought International Thomson Business Publications, owner of film trade weekly Screen International and a number of TV publications including Broadcast and TV World.
EMAP, which paid T20.6 million ($ 30 million) for the group, immediately announced it was closing its own weekly TV trade magazine, TV Week, the main rival to Broadcast.
But EMAP managing director David Arculus would not comment on the future of Screen International, except to observe, “We did not buy it to shut it down.” EMAP already owns two consumer film titles, Empireand the British version of U.S. magazine Premiere.
International Thomson comprises 14 titles, including fashion, communications and retailing magazines. Arculus said the group as a whole was “loss-making,” but said he expected it in the first year of EMAP’s ownership.