Mike Danson, founder of business information company Datamonitor, has acquired 50 per cent of the New Statesman magazine.
Chairman of the weekly title, Geoffrey Robinson, said in a statement released today he was ‘very pleased’to announce the acquisition.
Danson was until recently the chief executive of Datamonitor plc, and in a statement the New Statesman said he will ‘bring his considerable experience and expertise to the magazine”.
Former editor of the title John Kampfner left suddenly in February this year, a day before ABC results revealed the magazine had a disappointing circulation for the second half of 2007, dropping 12.7 per year-on-year cent to 26,208.
Deputy editor Sue Matthias is currently acting editor, and the title is said to be in the interviewing stage for a replacement.
The title said in a statement: ‘Both Mike and Geoffrey are committed via this joint venture to continued investment in the magazine, to ensure its future as the country’s leading political and cultural weekly. Geoffrey and Mike both wish to emphasise that they are committed to maintaining the editorial independence and integrity of the New Statesman.”