IPC Media has completed the sale of Classic Boat and Racecar Engineering to independent publisher The Chelsea Magazine Company.
The sale takes to 20 the number of niche and specialist magazine IPC has sold off to smaller publishing houses in the last three months following a strategic review instigated at the start of the year.
Chelsea Magazine's interest in a third IPC title, World Soccer magazine, cooled as talks between to the two companies over a likely sale progressed in recent months. It's not yet known if IPC will seek an alternative buyer.
To read the full article, please visit the Press Gazette website.