Moneyweek sold to Dennis

Leading finance magazine Moneyweek has been acquired by Dennis Publishing Ltd, in a deal advised by Initium.

Under the terms of the transaction, the brand joined Dennis’ Current Affairs division, which includes award winning, market-leading titles, The Week and The Week Junior, TheWeek.co.uk  and The WeekDay app.

MoneyWeek is aimed at upmarket, affluent consumers. It is the UK’s best-selling financial magazine, with a well-established print circulation of 46,498 (ABC Jul-Dec 2016) that includes 45,343 active subscribers. The brand has a superb reputation for independence, consumer focus and investment advice.

Founded by The Week creator, Jolyon Connell, and Merryn Somerset Webb, editor-in-chief of MoneyWeek, the magazine was launched in 2000. The title takes a similar editorial approach to The Week. Agora Publishing published the title from 2003 onwards, and grew both its audience and brand extensions, cementing MoneyWeek’s reputation for ‘straight-talking’ advice in the market.

“As a buyer, Initium helped us streamline our issues and were professional and responsive at all times” – James Tye, CEO of Dennis

James Tye, CEO of Dennis, said: “The acquisition team at Dennis worked extensively with Initium, who were instrumental in keeping both sides engaged and talking in this complex transaction. Initium helped us streamline our issues and were professional and responsive at all times.”

Editor and Co-founder Merryn Somerset Webb and Editor John Stepek, continued to edit the title under new ownership.

Dennis Publishing’s magazine portfolio was acquired by Future plc, the international media group and leading digital publisher, in 2021.