Read the following carefully:
“It further reinforces our creation of a leading global specialist media platform with data at its heart, which we are monetising through diversified revenue streams. We look forward to developing further these iconic and much-loved brands and to continuing to serve their communities of dedicated enthusiasts around the world.”
Yes, Metal Hammer, Headbanger, Classic Rock et al, are saved to mosh another day.
Sold for £10.2 million in 2013, bought back by same company for £800k in 2017!
https://www.theguardian.com/media/2017/jan/08/heir-guitars-rock-and-metal-music-publisher-teamrock-saved?CMP=share_btn_tw
Rock n’ Roll.
I realise I am stating the obvious and explaining a punchline already implicit in the OP, but corporate shit-speak like:
“It further reinforces our creation of a leading global specialist media platform with data at its heart, which we are monetising through diversified revenue streams. We look forward to developing further these iconic and much-loved brands and to continuing to serve their communities of dedicated enthusiasts around the world.”
Depresses me hugely. I rather look forward to rock music one day being an amateur enthusiasm again as the monetising shifts to streaming curtain-opening fanfares and bog-speaker tunes that cover the sounds of bowels being opened.
“with data at its heart”
= “we look forward to harvesting information via our digital platforms and subscriptions and to then then sell on this information and/or sell stuff direct to the data-providers; to lure them in we will publish stuff about old rock bands.”
Never mind all that whiny stuff about corporate media.
Either you want the magazines to carry on or you don’t.
I don’t read any of those particular ones, but I’m glad that, potentially, some people who can use the income may not have been sacked.
Among all the “gobbley gook” spin let us including ME that are mystified by it all – hope our current/recent subscriptions get reinstated – a boy can dream can’t he! – today Mon. 9/1/17 I have just received my Dec. 2016 issue of PROG – the start of my extended subs – long may it continue.
This “buy back” reminds me of the late Kerry Packer selling Channel 9 (OZ TV) to Alan Bond (He who won Americas Cup for OZ) for an absolute motza – mega millions, only to buy it back of Bond for absolute peanuts when Bond got into financial strife – wasn’t Kerry a very happy & richer man for it.