Daily Mail owner buys New Scientist magazine in £70m deal

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The 65-year-old title is forecast to make £7m in profits this year

The publisher of the Daily Mail has acquired the renowned weekly science and technology magazine New Scientist in a £70m cash deal – the latest round of consolidation in the publishing sector.

The 65-year-old title, which is owned by a group of individual investors led by Sir Bernard Gray, is based in London, with offices in the US and Australia. New Scientist, which employs about 80 staff with half in editorial roles, is forecast to make £7m in profits and more than £20m in revenues this year.

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