Immediate Media Company Limited is a publishing house owned by Hubert Burda Media, which acquired the company in January 2017. Immediate publishes media brands and software platforms. It contains the former assets of Origin Publishing, Magicalia and BBC Magazines. Immediate is the current publisher of the Radio Times, Gardens Illustrated magazines. Approximately 85% of its revenue is from content services, with the remainder from advertising. In the period January–June 2018 the company's titles reported a combined ABC circulation of 1.59m, including 1.1m active subscribers. In 2018 it reported selling 70+ million magazines.
History
Immediate Media originated from the combined assets of several formerly independent publishing houses, including BBC Magazines, Magicalia, Future plc, Hitched and Jewellery Maker. In late 2011 the BBC's magazine-publishing business was sold to Exponent Private Equity, following clearance by the Office of Fair Trading. Exponent had previously acquired Magicalia Limited, a digital publisher and platform provider based in London. Magicalia was founded in 1999 by Adam Laird and Jeremy Tapp. Its inaugural website was bikemagic.com. In 2000, it began offering B2B publishing services, with clients such as Runner's World. In 2011 Magicalia's assets were combined with those of Origin Publishing and BBC Magazines to form Immediate. Tom Bureau, then-CEO of Magicalia, became the Chief Executive of the new company. In May 2014 Immediate acquired Future plc's sport and craft titles. The sport portfolio included the websites Bikeradar.com and Cyclingnews.com and the magazines Cycling Plus, Procycling and Mountain Biking UK. The craft titles included Love Patchwork and Quilting, Simply Knitting, and Mollie Makes. In January 2015, Immediate acquired Hitched.co.uk, a UK wedding planning brand. In November 2015 Immediate acquired its first television property, Jewellery Maker, a TV and online commerce platform, from the Genuine Gemstone Company, adding to its Crafts and Arts portfolio. Jewellery Maker employed over 100 people at the time of its acquisition. It has since expanded into TV, video and e-commerce. Hubert Burda Media acquired Immediate in 2017, for £270m. In 2019, Immediate sold Procycling and Cyclingnews.com to Future.
Divisions
TV and Entertainment
is a British weekly television and radio programme listings magazine, founded in 1923 by John Reith, the then general manager of the BBC. It was the world's first broadcast listings magazine. The title was published entirely in-house by BBC Magazines from 1937 until 2011, when the BBC Magazines division was merged into Immediate Media Company. Its peak weekly circulation was 8.8m. In 2014 it accounted for 60% of Immediate's profit. It is the UK's biggest-selling magazine, with a weekly print ABC of 577,087, and the UK's biggest weekly subscription title, with 271,237 subscribers in 2018.
Some Immediate brands serve as ecommerce marketplaces. These include the wedding site hitched.co.uk and the TV shopping arm of Jewellery Maker. Immediate also organises live events such as the Radio Times Festival. Immediate sells market research services based around its consumer panel, which the company claims has 14,000 respondents. The firm also offers data analytics, loyalty publishing and IP licensing.
