B2B publisher, Caspian Media entered administration, with the sale of three of its titles, Real Deals, Real Business and Business Advice.
Real deals and its events divisions were sold as a pre-pack deal to Real Deals Media Ltd. This title is a website and publishes a print magazine every two weeks. Real Business and Business Advice were sold to Prosper Media LTD days later. These titles are online-only operations.
A message appeared on the Caspian Media site to inform the public: ‘’Caspian Media Limited entered administration on 6 February 2019, with Benjamin Wiles and Paul Williams of Duff & Phelps being appointed as Joint Administrators. ‘’
The publishers reported losses of £1.7m.
Categories: What is administration