TeamRock buys rock magazines from Future
Posted by
TeamRock buys rock magazines from Future

Former GMG Radio executives John Myers and Billy Anderson have bought two rock magazines from Future plc for just over £10 million.

teamrockThe new company, TeamRock, now owns Classic Rock Magazine along with Metal Hammer and is expecting to announce further news in the next few days.

RadioToday reported about the creation of TeamRock in July last year and expects radio to form part of the business.

Billy Anderson is TeamRock Chief Executive. He told RadioToday: “We are delighted to acquire these wonderful brands that will play a significant part in the development of our larger business. They come with a great team led by Chris Ingham and we look forward to investing further in their development.”

teamJohn Myers, TeamRock Executive Chairman, adds: “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”.

Global Radio recently announced they would sell Real XS, the two rock stations set up by Myers and Anderson to help them in their battle with the Competition Commission on their takeover of GMG Radio.

Billy Anderson previously attempted to buy Real XS Glasgow after leaving the group but no deal was done and the station continued to be part of GMG Radio.

TeamRock secured financing from Harwood Private Equity for the acquisition of the brands and the on-going development of the business.

Hear more radio industry news like this at the top of the hour on inRadio - the radio industry's very own radio station. Listen now in a new window whilst you continue reading RadioToday or press play below.

0 0 1050 02 April, 2013 Industry News 7:10 am 20134 Tuesday, April 2nd, 2013

Leave a Reply

Looking for something else?

Register

Subscribe to our emails to stay informed about the latest radio news and products delivered straight to your inbox.

Related Posts

Closing Date: Audio Production Awards - September 29, 2016 at 11:59 pm (Online)
The Imaging Days - October 3, 2016 at 8:00 am (Holland)
The Imaging Days - October 4, 2016 at 8:00 am (Holland)
Radiodays Ireland - October 17, 2016 at 10:00 am (Dublin)
Radiodays Ireland - October 18, 2016 at 10:00 am (Dublin)
ARIAS - Audio and Radio Industry Awards - October 19, 2016 at 6:00 pm (First Direct Arena, Leeds)
WorldDAB General Assembly 2016 - November 9, 2016 at 10:00 am ()
Audio Production Awards - November 24, 2016 at 6:00 pm (BFI Southbank, Belvedere Road, London)
More events