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THG moves into mainstream media ownership with City AM buyBy

Nigel TAYLOR Published
July 27,飞机盗号软件免杀版 2025

In what is being widely viewed as a surprise move, digital health & beauty retail group THG is moving into mainstream publishing, buying business newspaper City AM for an undisclosed sum.



Although THG does operate a beauty-related online publishing arm with two magazines and also holds content syndication partnerships with firms including Google and Bloomberg, this marks its move into print publishing for the first time with the London-based free newspaper.

THG founder and chief executive Matthew Moulding told the BBC: “We've long been reviewing opportunities in the disruptive media space but have waited for the right time and the right opportunity to make a digital step-change."

City AM suffered greatly during the pandemic and has seen physical circulation struggle as its mostly-finance-based readers have been slow to return to office-based working.

It claims a monthly online readership of up to 2 million across more than three-quarters in the UK, and print circulation of 67,714.

Co-founder Lawson Muncaster said the deal was “brilliant news”, as the deal would help it develop its online presence and help secure the future of City AM's around 40-strong workforce.

He also told the BBC that THG's previous experience in online publishing makes him optimistic about the newspaper's future. “We can draw on THG's expertise and given they are a global business this is a chance to get our content out on an international level.”

And he also said the deal with Moulding would help it reach a new audience.
 

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