Telegraph Media Group (TMG) has acquired lifestyle independent publisher The Chelsea Magazine Company (CMC), in a bid to boost its subscriptions.
The portfolio offers print and digital subscriptions and reaches a combined monthly audience of 2.5m in the UK and abroad. TMG has been rapidly growing its subscriptions over the last five years, both in the UK and US, achieving an increase of over 750,000.
TMG’s CEO, Nick Hugh said: “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.”
CMC’s chief executive, Paul Dobson added: “It is exciting that TMG has acquired CMC. Our portfolio of titles has developed rapidly in the past 15 years via a mixture of launches and acquisitions, and I want to pay special tribute to our brilliant teams who have helped achieve this. As I step down from the business, I have every confidence that James [Dobson], the management team and TMG will take our subscriber offering to the next level.”
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