Highbury House goes into administration
Magazine publisher moves into administration under mountain of debt
Highbury House, the magazine publisher, has been dragged into administration
with debts in excess of £40m.
The publisher, in which former Sun editor Kelvin MacKenzie owns a
20% stake, has been touted as a potential target for Remnant Media, The
Daily Telegraph reports.
Administrator Ernst & Young has already split the sale of Highbury’s IT
magazines between Imagine publishing (for an estimated £7m) and Highbury Nexus
(for about £1m).
Remnant is a possible buyer of the beleaguered group’s remaining titles.