The publisher of the British Journal of Photography (BJP), Marc Hartog, has led a successful management buyout of the 159-year-old magazine, and has subsequently completed a first-round of investment to form Apptitude Media, a new start-up.

"We are at the very beginning of a publishing revolution," says Hartog. "Magazines have been around for nearly 300 years, and they will be around for the next three centuries in one way or another, but what form they will take is being shaped right now."

Simon Bainbridge, editor of BJP and Apptitude Media’s editorial director, said: "Behind the scenes, we're celebrating this chance to gather all our ideas together and run with them, focusing on what we do well, and heading in new directions as an independent company, free to pursue the opportunities we see in digital publishing."

"But outwardly, you shouldn't see any immediate changes to British Journal of Photography; it's very much business as usual until we get some time to tweak the look of the printed magazine and app. We'll also be considering what we do online, increasing the frequency of our iPad edition, and putting some attention into what we do for the iPhone."