Revolver Magazine Sold?

According to BrandRepublic.com, U.K. magazine giant Future Publishing has paid £2.3 million (approximately $4 million) to buy U.S. heavy metal magazine Revolver, which has a circulation of around 200,000, from Harris Publications.

Revolver and its web site will join the six titles in Future U.S.'s music portfolio, including Guitar World and Future Music.

It was launched in 2000 and now generates gross profits of $500,000 on turnover of $3.7 million.

Greg Ingham, chief executive of Future, said: "Revolver is a natural fit with our U.S. music titles and will benefit from being part of a larger music portfolio. There is also strong editorial crossover with our UK music titles Metal Hammer and Classic Rock, both of which are seeing good circulation growth at present."

Source: blabbermouth