PLUS-quoted Interactive Publishing has acquired Northern Ireland-based publisher Marine Media from Sterling Securities International for £200,000. 

PLUS-quoted Interactive Publishing has acquired Northern Ireland-based publisher Marine Media from Sterling Securities International for £200,000.

Marine Media is a new company established for the purpose of holding the assets of the consumer title, Sailing Today, which previously traded as a division of a larger publisher. The company is expected to generate some £800,000 in turnover from subscriptions and advertising.  

Justin Sanders, CEO of Interactive Publishing, said: ‘The publishing market as a whole for single title publishers has become a tough environment with the downturn in global advertising and the limited budgets to push into the new media age. [As] part of a dynamic group, Marine Media will develop and add new revenue streams.’

In the six months to December 2008, London-based Interactive Publishing reported revenue of £3.3 million and a pre-tax loss of £83,772.