Not dead yet: UK Press Gazette bought and carries on under new ownership

Not so long ago, we posted a report of the demise of the UK Press Gazette magazine, which seemed a lamentable parallel to the end of the print editon of Canada's Masthead. Well, happily, just as word of Masthead's death was exaggerated and it has come back strongly as an online vehicle, now the Press Gazette has been bought by deep-pocketed investor Mike Danson (who recently also acquired full control of the New Statesman) and his company, Progressive Media and will carry on. See also a report on the resurrection from the Guardian's Roy Greenslade.

Curiously, one of the main money-making elements of the P-G was its British Press Awards, which have been retained by its previous owners, the Wilmington Group.