Metal Hammer Magazine To Return With Former Owner

Metal Hammer magazine was re-purchased by Future Publishing, aka the former owners of the magazine, it was announced today. TeamRock had purchased Metal Hammer and the other magazines from Future Publishing in 2013 for over twelve million dollars.

Sweet.

The rights to Metal Hammer, Classic Rock, and Prog magazines along with events like the Golden Gods award show and the TeamRock digital radio station were purchased for just under a one million dollars.

"The acquisition of these classic rock brands with their associated magazines, events and websites marks a further step in our buy and build strategy," said Zillah Byng-Thorne, chief executive of Future.

The deal comes after TeamRock filed for bankruptcy in mid-December leaving the future of the magazines in limbo and over seventy people without a job.


H/T - lambgoat