The titles owned by Orpheus are established specialist music magazines which operate as franchises within their respective market segments. Based in London, they are aimed at professional musicians, teachers, instrument dealers and music enthusiasts across Europe and North America.
Commenting on the acquisition, Des Hudson, Chief Executive, SMG Publishing, said:
Each of the titles has an excellent niche position in their respective sectors, for example The Strad is a strong franchise which is over 100 years old, and they fit very well within our existing stable of magazines. They are classic examples of the type of acquisition that we seek to make as we continue to grow our magazines business.
SMG will acquire net assets of approximately £20,000.
SMG’s existing magazine titles include:
Scottish Farmer
Components in Electronics
Boxing News
The Great Outdoors
The Independent Electrical Retailer
The Independent Community Pharmacist
