New Ownership, Investment in Editorial Resources, and Staff Integration

  • THG acquires City A.M.
  • City A.M.’s 40 editorial and commercial staff to join THG Group
  • Investment in editorial and technological resources for newsroom
  • Expansion into lifestyle, sports, sustainability, wellness technology, and beauty categories
  • THG’s brands and clients of Ingenuity to access City A.M.’s audience
  • City A.M. co-founder Jens Torpe retires with deal completion

THG has acquired London’s City A.M., an 18-year-old business newspaper, to expand its media presence and invest in editorial and technological resources for the newsroom. The acquisition will also see City A.M.’s 40 editorial and commercial staff join the THG Group. The Manchester-headquartered firm plans to expand into lifestyle, sports, sustainability, wellness technology, and beauty categories. With around 2 million monthly unique visitors online and a daily print circulation of nearly 70,000 Monday to Thursdays, City A.M. will provide THG with added reach for its brands like Cult Beauty and Myprotein, as well as Ingenuity clients. Co-founder Jens Torpe retires upon deal completion.

Factuality Level: 10
Factuality Justification: The article provides accurate information about THG’s acquisition of City A.M., the reasons behind it, and the plans for the newspaper’s future under THG ownership. It also includes quotes from relevant parties and details about the newspaper’s reach and audience.
Noise Level: 3
Noise Justification: The article provides relevant information about THG’s acquisition of City A.M., the reasons behind it, and the plans for future investments and expansion. It also mentions the retirement of co-founder Jens Torpe. The content is focused on the business aspect without any irrelevant or misleading information.
Financial Relevance: Yes
Financial Markets Impacted: THG’s acquisition of City A.M. will impact the media industry and potentially affect related companies such as Ingenuity.
Financial Rating Justification: The article discusses THG’s acquisition of a business newspaper, which may have financial implications for both THG and City A.M., and also mentions the involvement of Ingenuity, making it financially relevant.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the last 48 hours.

Reported publicly: www.retailsector.co.uk