UK magazine publisher up for sale

We brought you news last month that UK-based publisher Highbury Entertainment was in some trouble. Kelvin MacKenzie, the chairman and CEO, left last month after share dealing was suspended, and the group has now been put up for sale.

This doesn't look good for the future of Highbury's magazines; the firm is £31 million in debt, so any acquisition would have to be well thought out. Rival magazine publisher Future cannot take on Highbury's games magazines for the same reason they had to pull out of an earlier deal–Future would come too close to a monopoly if they did so. This means that this could be the last of gamesTM, XBM and Play.