NEWS 

Scotland Magazine sold to Chelsea Magazine Company

MediaFund has announced the sale of Scotland Magazine, Scotland’s Best, Ireland’s Best and the Scottish Hotel Awards, assets of Paragraph Publishing, to The Chelsea Magazine Company.

Scotland Magazine sold to Chelsea Magazine Company
Damian Riley-Smith: “Piers and Joe were integral in calming nerves and keeping the deal on the straight and narrow.”

Launched by Paragraph in 2002, Scotland Magazine is an international consumer magazine for all those who want to stay connected to their love of Scotland, says MediaFund. In addition to the flagship print product, Paragraph launched two annual publications – Scotland’s Best and Ireland’s Best – in 2017. These 116pp glossy annuals are distributed through WHSmith Travel in the UK and Barnes & Noble in the USA.

The Scottish Hotel Awards, founded in 2003 and purchased by Paragraph in 2012, is an annual membership scheme giving regional and national awards to the best members in 56 ‘Property’ categories, 24 ‘People of Excellence’ categories and for 8 ‘Grand Awards’.

Founded in 1997, Paragraph is an international publishing and events company specialising in drinks-related publications including Whisky Magazine, Gin Magazine and associated events and awards.

“I am sure that Chelsea will be the perfect home for these assets and will be able to continue the work we have begun,” said Damian Riley-Smith, Paragraph Founder and CEO. “It was a pleasure to work with the team at MediaFund to achieve a successful sale of our Scottish interest publishing and events division, allowing us to focus further on our drinks portfolio. Piers and Joe were integral in calming nerves and keeping the deal on the straight and narrow, to achieve a successful transaction.”

The Chelsea Magazine Company is a publisher of specialist magazines, based in London, and is the owner of brands falling into three portfolios: Travel & Leisure, Lifestyle & Parenting and Specialist Sports.

MediaFund is a specialist M&A broker in the media and publishing sectors.

You can find out more about MediaFund in our Publishing Services Directory.