Highbury House goes into administration

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.

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