PRWeek Parent Company Purchases Asia's Leading Media Publications

Posted on May 26, 1999

The Haymarket Group, which is also Britain's largest privately-owned magazine publishing company, has acquired a strategic equity stake in Media and Marketing Limited, the publisher of Media magazine, the number one advertising publication in Asia Pacific, and Asian PR News. Now in its 26th year, Media magazine is published every two weeks from Hong Kong for Asia's advertising, marketing and media community.

"This is an exciting development for Haymarket," said chairman Michael Heseltine. "As the whole advertising and communications industry becomes more international, it is increasingly important for our magazines to reflect this. We have been watching the growing success of Media magazine for some time, and we look forward to working alongside our new partners to give existing and new readers more international coverage in our magazines."