New owner for Guitar One

Future has acquired the US guitar magazine Guitar One from Cherry Lane Magazines for £1.5m. The acquisition follows the purchase of Guitar World in September.

Guitar One sells around 140,000 copies a month and declared a turnover for the year ending 31 December 2002, of $4.7m (£2.8m). Nine staff will transfer to Future’s New York office as part of the acquisition.

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