PaidContent has announced that Emap will sell its consumer magazines and radio divisions to H. Bauer for £1.14 billion, and that from now on it will focus itself on b2b.
Emap will keep its business-to-business publishing division and will now “be a focused B2B business”. It bought retail and food online industry news source Planet Retail for £23 million in August and the Infrastructure Journal online construction news publisher Torcello Publishing for £20 million in July.
Despite having been seen as the most lucrative part of the business, latest half-year earnings showed the division’s revenue was flat, with operating profit down seven percent.