The UK-based Enthuse Group of specialist magazines has sold four of its model brands (RCM&E, Model Boats, Model Engineer, and Model Engineers’ Workshop) to the publishing-print-mailing company Mortons Media for an undisclosed price.
Enthuse is owned by former DMGT executive Owen Davies. Its UK magazines include HiFi Choice, Stamp, and Match Fishing. It also publishes AV and building magazines in the US, and operates AA Media, a hospitality ratings JV with the Automobile Association. In 2020, Enthuse had revenue of £14.1m and operating profit of £600k.
Mortons had 2020-21 revenue of £15.4m (60% from publishing) and operating profit of £250k.
