Ascential

Last updated

Ascential
Public limited company
Traded as LSE:  ASCL
FTSE 250 Component
Industry Publishing
Founded1947
Headquarters London, United Kingdom
Key people
Scott Forbes, (Chairman)
Duncan Painter (CEO)
Revenue £348.5 million (2018) [1]
£91.0 million (2018) [1]
£20.0 million (2018) [1]
Website www.ascential.com/

Ascential plc, formerly EMAP, is a British business-to-business media business specialising in exhibitions & festivals and information services. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

United Kingdom Country in Europe

The United Kingdom, officially the United Kingdom of Great Britain and Northern Ireland but more commonly known as the UK or Britain, is a sovereign country lying off the north-western coast of the European mainland. The United Kingdom includes the island of Great Britain, the north-eastern part of the island of Ireland and many smaller islands. Northern Ireland is the only part of the United Kingdom that shares a land border with another sovereign state‍—‌the Republic of Ireland. Apart from this land border, the United Kingdom is surrounded by the Atlantic Ocean, with the North Sea to the east, the English Channel to the south and the Celtic Sea to the south-west, giving it the 12th-longest coastline in the world. The Irish Sea lies between Great Britain and Ireland. With an area of 242,500 square kilometres (93,600 sq mi), the United Kingdom is the 78th-largest sovereign state in the world. It is also the 22nd-most populous country, with an estimated 66.0 million inhabitants in 2017.

London Stock Exchange stock exchange in the City of London

London Stock Exchange is a stock exchange located in the City of London, England. As of April 2018, London Stock Exchange had a market capitalisation of US$4.59 trillion. It was founded in 1571, making it one of the oldest exchanges in the world. Its current premises are situated in Paternoster Square close to St Paul's Cathedral in the City of London. It is part of London Stock Exchange Group (LSEG).

The FTSE 250 Index is a capitalisation-weighted index consisting of the 101st to the 350th largest companies listed on the London Stock Exchange. Promotions and demotions to and from the index occur quarterly in March, June, September, and December. The Index is calculated in real-time and published every minute.

Contents

History

Richard Winfrey purchased the Spalding Guardian in 1887 and later purchased the Lynn News and the Peterborough Advertiser ; he also started the North Cambs Echo. He became a Liberal politician and campaigner for agricultural rights and the papers were used to promote his political views in and around Spalding, Boston, Sleaford and Peterborough. During World War II Winfrey's newspaper interests began to be passed over to his son, Richard Pattinson Winfrey (1902–1985). In 1947, under the direction of 'Pat' Winfrey, the family's newspaper titles were consolidated to form the East Midland Allied Press (EMAP): this was achieved by the merger of the Northamptonshire Printing and Publishing Co., the Peterborough Advertiser Co., the West Norfolk and King's Lynn Newspaper Co. and commercial printing sections at Rushden, King's Lynn and Bury St Edmunds. [2]

Richard Winfrey British politician

Sir Richard Winfrey was a British Liberal politician, newspaper publisher and campaigner for agricultural rights. He served as Member of Parliament for South West Norfolk, 1906–1923, and for Gainsborough, 1923–1924.

The Lynn News is published by East Midlands Newspapers and appears each Tuesday and Friday (28,839) in King's Lynn, Norfolk, England.

Liberal Party (UK) political party of the United Kingdom, 1859–1988

The Liberal Party was one of the two major parties in the United Kingdom with the opposing Conservative Party in the 19th and early 20th centuries. The party arose from an alliance of Whigs and free trade Peelites and Radicals favourable to the ideals of the American and French Revolutions in the 1850s. By the end of the 19th century, it had formed four governments under William Gladstone. Despite being divided over the issue of Irish Home Rule, the party returned to government in 1905 and then won a landslide victory in the following year's general election.

The magazine division was founded on a hunch when the company's printing presses lay dormant between printing issues of the local papers. The staff gambled that a weekly angling publication would be a hit - and in 1953 Angling Times was born. This was soon joined by another weekly heavyweight when EMAP bought Motor Cycle News from its founder in 1956 for a hundred pounds. [2] EMAP grew significantly in the late 1970s under the guidance of the extremely successful partnership of Sir Robin Miller and David Arculus. [3] In 1996 EMAP agreed to sell its 65 newspaper titles, including the 300-year-old Stamford Mercury , to Johnston Press for £111 million. [4]

The Angling Times first printed in 1953 is the UK's largest angling newspaper. They also publish Improve Your Coarse Fishing and UK Carp magazine.

<i>Motor Cycle News</i> Back Issues

MCN or Motor Cycle News is a UK weekly motorcycling newspaper published by Bauer Consumer Media, based in Peterborough, United Kingdom. It claims to be "the world’s biggest weekly motorcycle newspaper".

Sir David Arculus, is a British media figure, businessman and advisor to Government who has appeared several times in The Sunday Times Power 100, ranked at number 39 in 2005.

Scottish Radio Holdings was acquired by EMAP on 21 June 2005. [5] In 2006, EMAP sold its French division to Italy's Arnoldo Mondadori Editore. [6] On 27 July 2007, EMAP announced that it was undertaking a review of the structure of the group in response to receiving a number of unsolicited proposals to purchase parts of the company. [7] On 12 September 2007, EMAP announced that it had completed the disposal of its Australian consumer magazine division, Emap Australia for approximately £38m to ACP Magazines. [8] On 29 January 2008, EMAP completed the sale of its radio, television and consumer media businesses (EMAP Radio) to German company Bauer for £1.14bn. [9] The remainder of the company was taken over by Eden Bidco Ltd, a company incorporated for the purpose of the acquisition by its owners, the private equity investment group Apax and the Guardian Media Group in late March/early April 2008. [10]

Scottish Radio Holdings (SRH) was a Scottish media company which owned 22 radio stations, and around 30 local newspapers in the United Kingdom and Ireland.

Arnoldo Mondadori Editore is the biggest publishing company in Italy. In the trade books market the competitors of Mondadori in Italy are Mauri Spagnol, Giunti and Feltrinelli, while in the magazine publishing market are Cairo Communication, Universo and RCS MediaGroup.

ACP Magazines Australian media company, formerly Australian Consolidated Press

ACP Magazines was an Australian media company. It published the Australian Women's Weekly and the Australian edition of Woman's Day.

In March 2012, the company announced that it would be renamed Top Right Group, and that its magazines, events and data businesses would be separated into three standalone companies. The EMAP name would continue to be used for the magazines operation, which at the time accounted for around 18 percent of the group's turnover. The database business was renamed 4C Group, and the events unit was renamed I2i Events Group. [11] Then in October 2015 the company announced that the EMAP brand would be scrapped as all its titles move to digital-only format. [12]

In December 2015 Top Right Group rebranded as Ascential. [13] The company was the subject of an £800m initial public offering in February 2016. [14]

Initial public offering (IPO) or stock market launch is a type of public offering in which shares of a company are sold to institutional investors and usually also retail (individual) investors; an IPO is underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as floating, or going public, a privately held company is transformed into a public company. Initial public offerings can be used: to raise new equity capital for the company concerned; to monetize the investments of private shareholders such as company founders or private equity investors; and to enable easy trading of existing holdings or future capital raising by becoming publicly traded enterprises.

In 2017, Ascential sold 11 of its trade magazines to Metropolis International; Health Service Journal was sold separately to Wilmington. [15]

Operations

Current publications include: [16]

Current magazines
Information Services
Previous magazines

Exhibitions & festivals include: [18]

Related Research Articles

Guardian Media Group media company of the United Kingdom

Guardian Media Group plc (GMG) is a British mass media company owning various media operations including The Guardian and The Observer. The group is wholly owned by Scott Trust Limited, which exists to secure the financial and editorial independence of The Guardian in perpetuity.

<i>Kerrang!</i> British magazine about rock and metal music

Kerrang! is a British weekly magazine devoted to hard rock and heavy metal music, currently published by Wasted Talent. It was first published on 6 June 1981 as a one-off supplement in the Sounds newspaper. Named after the onomatopoeic word that derives from the sound made when playing a power chord on a distorted electric guitar, Kerrang! was initially devoted to the new wave of British heavy metal and the rise of hard rock acts. In the early 2000s it became the best-selling British music weekly.

DeHavilland media and public affairs company

DeHavilland Information Services Ltd is a British media company that provides political monitoring services for public affairs professionals. The company was founded in 1998 by Conservative MP Adam Afriyie but is today owned by business-to-business publishing company Ascential Group.

<i>New Civil Engineer</i>

New Civil Engineer is the monthly magazine for members of the Institution of Civil Engineers (ICE), the UK chartered body that oversees the practice of civil engineering in the UK. First published in May 1972, it is today published by Metropolis. Under its previous publisher, Ascential, who, as Emap, acquired the title and editorial control from the ICE in 1995, the ICE regularly discussed the magazine's content through an editorial advisory board and a supervisory board.

Drapers is a business-to-business magazine and website covering the fashion retail sector. It was founded on 6 August 1887 to cover the women's clothing retail trade, but today spans the whole fashion retail sector, including wider retail issues such as digital transformation, technological advances and the management of supply chains.

Apax Partners company

Apax Partners LLP is a British private equity firm, headquartered in London, England. The company also operates out of six other offices in New York, Hong Kong, Mumbai, Tel Aviv, Munich and Shanghai. The firm, including its various predecessors, have raised approximately $51 billion (USD) since 1981. Apax Partners is one of the oldest and largest private equity firms operating on an international basis, ranked the fourteenth largest private equity firm globally.

<i>Architects Journal</i> magazine

The Architects' Journal is an architectural magazine published in London by Metropolis International.

The Cannes Lions International Festival of Creativity is a global event for those working in creative communications, advertising, and related fields. It is considered the largest gathering of the advertising and creative communications industry.

Johnston Press Former multimedia company founded in Falkirk, Scotland

Johnston Press plc, was a multimedia company founded in Falkirk, Scotland in 1767. Its flagship titles included UK-national newspaper the i, The Scotsman, the Yorkshire Post, the Falkirk Herald, and Belfast's The News Letter. The company was operating around 200 newspapers and associated websites around the United Kingdom and the Isle of Man when it went into administration in 2018. The Falkirk Herald was the company's first acquisition in 1846. Johnston Press's assets were transferred to JPIMedia in 2018, who continued to publish its titles.

ALM is a media company located in New York City, and is a provider of specialized business news and information, focused primarily on the legal, insurance, and commercial real estate sectors. ALM owns and publishes 33 national and regional magazines and newspapers, including Credit Union Times, The American Lawyer, the New York Law Journal, Corporate Counsel, The National Law Journal, The Legal Intelligencer, Legal Times, GlobeSt.com and Real Estate Forum. The company also produces conferences and trade shows for business leaders and the legal profession. Law Journal Press, ALM's professional book imprint, publishes over 130 treatises on a broad range of legal topics. Other ALM businesses include newsletter publishing, court verdict and settlement reporting, production of professional educational seminars, market research and content distribution. The company was started in 1979 by Steven Brill to publish The American Lawyer.

<i>Nursing Times</i>

Nursing Times is a monthly magazine for nurses in the United Kingdom. The magazine and its website (www.nursingtimes.net) publish original nursing research and a variety of clinical articles for nurses at all stages in their career.

The Local Government Chronicle (LGC) is a British weekly magazine for local government officers, and is published by Metropolis. The magazine was launched in 1855 by bookseller and publisher Charles Knight. It is politically independent.

Retail Week is a UK-based news magazine, website and data service covering the retail industry.

Incisive Media

Incisive Media is a B2B information and events business. It is based in London, United Kingdom, with an office in New York City.

Bauer Media Group European-based media company

Bauer Media Group is a European-based media company, headquartered in Hamburg, Germany, that manages a portfolio of more than 600 magazines, over 400 digital products and 50 radio and TV stations around the world. The portfolio includes print shops, postal, distribution and marketing services. Bauer Media Group has a workforce of approximately 11,000 employees in 17 countries.

MEED

MEED, abbreviated from the former name Middle East Economic Digest, is a business intelligence tool for the Middle East and North Africa (MENA), providing analysis and commentary on Middle Eastern markets, companies, people and data on the regional projects market.

Metropolis International

Metropolis International Group Limited, established in 1994, is a predominantly UK-based media and technology group specialising in business, consumer and travel media including awards, events and websites, business software, and reward and benefit programmes. It currently has 300 employees and runs offices in West London, Croydon, Bolton, Chester, Dublin, Acton and New York City. The company's headquarters are currently located in Acton, West London.

Construction News is a weekly publication, plus digital and events services, primarily targeting the United Kingdom construction industry.

WGSN is a trend forecasting company of parent organisation Ascential. WGSN was founded in 1998 in West London by brothers Julian and Marc Worth. Emap, a business-to-business publisher and exhibitions company, bought the company in October 2005 for £140m.

References

  1. 1 2 3 "Preliminary Results 2018" (PDF). Ascential. Retrieved 14 March 2019.
  2. 1 2 "History". EMAP. Archived from the original on 17 June 2006. Retrieved 11 June 2016.
  3. "Sir David Arculus likes a challenge, so at 67 he has entered the world of wealth management". The Telegraph. 31 May 2014. Archived from the original on 11 August 2016. Retrieved 11 June 2016.
  4. "Johnston Press is still a shrewd investment". City Wire. 10 May 2004. Retrieved 11 June 2016.
  5. Brook, Stephen (21 June 2005). "Emap snaps up Scottish Radio Holdings". The Guardian . Archived from the original on 4 March 2016. Retrieved 11 June 2016.
  6. Tryhorn, Chris (20 June 2006). "Emap France sold for £380m". Archived from the original on 28 July 2018. Retrieved 11 June 2016.
  7. "Emap reviewing group structure following proposals". City Wire. 27 July 2007. Archived from the original on 29 June 2016. Retrieved 11 June 2016.
  8. "Emap sells Australian consumer magazines for £38m". Campaign Live. 12 September 2007. Archived from the original on 16 June 2016. Retrieved 11 June 2016.
  9. "Emap sells magazines and radio divisions to Bauer for £1.14bn". Campaign Live. 7 December 2007. Archived from the original on 16 June 2016. Retrieved 11 June 2016.
  10. Andrews, Amanda (24 December 2007). "Guardian and Apax snap up a fifth of Emap". The Times. London. Archived from the original on 12 June 2011. Retrieved 1 May 2010.
  11. "Emap to change name to Top Right Group and split into three". The Daily Telegraph. 28 March 2012. Archived from the original on 31 March 2012. Retrieved 3 April 2012.
  12. "Emap brand to be scrapped as all its titles move digital-only". The Guardian. 5 October 2015. Archived from the original on 25 October 2017. Retrieved 11 June 2016.
  13. "Top Right Group rebrands to Ascential". Fipp. 15 December 2015. Archived from the original on 9 August 2016. Retrieved 11 June 2016.
  14. "Guardian and Apax share £80m from Ascential flotation". The Guardian. 9 February 2016. Archived from the original on 1 June 2016. Retrieved 11 June 2016.
  15. "Ascential sells its 11 remaining UK-based Heritage Brands to Metropolis International for £23.5M". Fusion. Archived from the original on 9 September 2017. Retrieved 9 September 2017.
  16. "products". EMAP. Archived from the original on 16 April 2017. Retrieved 16 April 2017.
  17. "Clavis Insight bought by Ascential". Archived from the original on 28 December 2017. Retrieved 28 December 2017.
  18. "Events". EMAP. Archived from the original on 16 June 2016. Retrieved 11 June 2016.