Haymarket sells Packaging News and AV Magazine

Magazine publisher Haymarket has confirmed the sale of two of its specialist business-to-business titles.

Packaging News and AV magazine, as well as jobs website Motoringjobs.com, have been bought by Metropolis International Group Ltd, which according to its website currently owns 13 other business-to-business titles.

All editorial and sales staff working on the titles will move to Metropolis' Croydon office, says a statement from Haymarket published late last week.

"The sale of these titles is part of our move to concentrate on our core markets. I’m delighted they are moving to an up-and-coming publisher like Metropolis, where I know they will find a good home and they will continue to flourish," says Kevin Costello, chief executive of Haymarket Media, in the statement.

Speaking on the title's website, AV editor Bhavna Mistry adds: "The AV team is obviously ambitious for the brand and we're excited to be part of a group that is in expansion mode. As part of Metropolis, we're looking forward to rolling out a strategy that will help us to better serve the industry we champion across all our products."

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