United Business Media has sold the Publican, “the business voice of the licensed trade,” to William Reed Business Media.
The deal is worth £1.5m and will see the magazine, website, awards event and Theme and Bar Show brands move to William Reed. A further £150,000 will potentially be paid based on performance targets. The transaction is expected to be completed by the end of March subject to the conclusion of a TUPE consultation process, and will boost William Reed’s existing portfolio serving the licensed trade sector.
The current staff of the Publican will transfer to William Reed.