Edinburgh, U.K.-based political publication Holyrood Magazine has been bought by businessman Lord Ashcroft’s media group Political Holdings for £4.5 million (about $5.2 million).
An excerpt from the announcement reads:
The acquisition will bring these brands together with news website PoliticsHome; professional publications Civil Service World, Training Journal and PublicTechnology; and a wide range of events currently operated under the Dods brand.
Mark Wallace, chief executive of Political Holdings, said: “This deal opens an exciting new era for us and for the brands which will be joining our group.
“Political Holdings specializes in insightful, expert content and events that illuminate politics, government and the democratic process, so the operations we are acquiring are a natural fit for our growing business.”
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