Dennis invests in current affairs market with acquisition of MoneyWeek
Dennis has staked its claim as the UK's largest current affairs publisher with the acquisition of MoneyWeek Ltd.
The brand will join a division that includes The Week and The Week Junior, TheWeek.co.uk and The WeekDay app.
The Week was named PPA Consumer Media Brand of the Year at the PPA Awards 2017 on June 29.
Founded in 2000 by The Week creator Jolyon Connell and Editor-in-Chief Merryn Somerset Webb, MoneyWeek is aimed at upmarket, affluent consumers and has a print circulation of 46,498, including 45,343 active subscribers.
It has been published by Agora Publishing since 2003.
James Tye, CEO of Dennis, described MoneyWeek as a perfect addition to the growing Dennis Current Affairs portfolio.
"MoneyWeek already shares some of The Week’s editorial DNA, so it will be a perfect companion to other titles in the portfolio and greatly increase our opportunities in the key financial services market. With such a natural fit between the titles, there will be many ways in which we can cross promote MoneyWeek to both readers and advertisers.
“Dennis is committed to growing our four areas of excellence through launch, investment and acquisition. We acquire brands with a view to invest and grow their reach, which is exactly what we plan to do with MoneyWeek.”
Merryn Somerset Webb and Editor John Stepek will continue to edit the title under Dennis’ ownership.
The team will transfer to Dennis’ new central London offices in Alfred Place.