​Classic Rock, Prog and Metal Hammer returned to former publisher

Pic by TeamRock — Classic Rock, Prog and Metal Hammer returned to former publisher
Pic by TeamRock

Future Publishing again became the owner of Classic Rock, Metal Hammer, and Prog, buying the magazines, its domain names, and websites from TeamRock, which has actually declared bankruptcy, firing 73 employees a week before the Catholic Christmas.

In 2014, Future Publishing sold all of the above-mentioned magazines for £10.2 million and now bought them back just for £800,000, reports The Guardian.

Earlier, the British band Orange Goblin’s frontman Ben Ward has launched the crowdfunding campaign for the laid-off employees. With a target of £20,000, the campaign reached more than £86,000.