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Team Rock

Metal Hammer, Classic Rock, Prog, Etc. Reacquired By Former Publisher


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The Guardian report that Metal Hammer, Classic Rock and Prog magazine, as well as the TeamRock stable of websites, have been reacquired by their former publisher, Future Publishing. The deal also saw the publisher acquire the rights to the publications associated awards shows (Metal Hammer‘s ‘Golden Gods‘ and Classic Rock‘s ‘Classic Rock Awards‘) as well as their TeamRock digital radio service, all for £800,000.

The same stable of titles was originally sold to TeamRock back in 2013 for £10.2 million. As only a skeleton crew were retained when TeamRock entered administration late last year, it remains to be seen who will be working at the publications in the future, as many of the 73 staff who were let go likely have sought out other employment. It’s also unclear as to how the publications will proceed, with the publisher mentioning a “buy and build strategy.”

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In the wake of the original announcement of the company’s financial woes, family, friends and fans raised £85,973 for the staff let go just before the recent holiday season.

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