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Media
Bauer profits down
By CMU Editorial | Published on Wednesday 5 September 2012
German-owned publisher Bauer, whose UK division publishes music titles like Kerrang! and Q, as well as other magazines like FHM, Heat and Grazia, saw profits slip 9.5% last year, to £57 million, after revenues declined 7.2% year-on-year, from £246m to £228m. The full impact of that revenue decline was overcome slightly by reducing overheads, even though staff numbers reportedly increased slightly.
The publishing group also saw an income of £3.1 million from its stake in the Box TV company, the joint venture with Channel 4 that operates various music television services, most using other Bauer or Channel 4 brands.
These figures were released as the Hamburg-based media firm expanded again by acquiring Australian magazine company ACP, which, among other things, publishes the Aussie editions of Rolling Stone, Empire and Zoo.
