Centaur Purchases Recruiter Magazine For £4 Million

The title’s awards ceremony takes place in March each year, with the magazine’s gross profit for the 12 months to 28th February 2004, the date of its last published accounts, totaling £0.65 million.

Centaur expects the acquisition to be earnings enhancing within the current financial year. Graham Sherren, chairman and chief executive of Centaur, said: “Centaur’s strategy is to serve its chosen markets through multiple media platforms, principally magazines, events and online services. We are very excited at the prospect of including Recruiter in the Centaur ‘family’. It gives us the opportunity to build on this leading title to serve an important new community. This brings the total number of weekly and fortnightly magazines that Centaur publishes to 11.

“Our approach is to build on its strength in the markets in which it already operates, as well as looking for other communities where it can apply its knowledge and expertise. This latest acquisition reflects the successful continuation of that strategy.”

Prior to today’s acquisition, Centaur’s publications included nine weeklies and one fortnightly. Amongst its titles are trade titles Marketing Week, New Media Age (NMA), Design Week, Creative Review, The Lawyer, Finance Week, Money Marketing and The Engineer. Many of these titles also operate significant online services, either in through their own domains or as part of the publisher’s mad.co.uk portal.

Brian Grant, chief executive of Redactive Publishing welcomed Centaur’s acquisition of Recruiter, stating: “Recruiter is a leading title and we believe it will fit well with Centaur. We have developed the magazine and its associated products well over the past five years, with a loyal and growing customer base, and believe Centaur is ideally placed to take it even further.”