SINGAPORE PRESS HOLDING BUYS SLEW OF HONG KONG-BASED LUXURY MAGAZINES
January 3rd 2008 01:08
SPH Magazines, a unit of Singapore Press Holdings has strengthened its Asian expansion by buying all the luxury magazines published by a Hong Kong firm, according to the Straits Times.
The company will pay Adkom, a media group established in 2000 with a focus on the upmarket lifestyle sector, about S$23.2 million for the titles.
These include Asia-Pacific Boating, AsiaSpa, Luxury Properties and other magazines targeted at affluent readers with an active lifestyle.
The magazines are published and circulated in major Asian cities, including Singapore, Hong Kong, China and Thailand.
- From MediaBlab
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