Daily Mail owner snaps up New Scientist magazine for £70m

Acquisition is part of strategy to improve quality of sales with subscriptions, digital capabilities

Photograph: iStock

Photograph: iStock

 

The owner of Britain’s Daily Mail newspaper said on Wednesday that it has acquired science and technology magazine New Scientist for £70 million in cash from a consortium of investors led by its owner Bernard Gray.

Daily Mail and General Trust said the purchase, made by its consumer media division, is a part of its strategy to improve the quality of its sales by building up subscriptions and digital capabilities. – Reuters