Dennis Publishing, the U.K.-based owner of The Week, has acquired 99-year-old Kiplinger Washington Editors Inc.
Terms of the deal have not been disclosed. But among the assets changing hands is Kiplinger’s flagship brand, Kiplinger Personal Finance, which carries a monthly circulation of 600,000, and has been continuously published since 1947.
“Kiplinger is everything we look for in a business: It is blessed with strong brands that have developed a high degree of trust with their readers, allied to a vibrant, growing digital business,” says group CEO at Dennis, James Tye in a statement. “It expands our presence into the finance category, an area we already have an impressive footprint in with The Week and MoneyWeek. It is also a business with strong recurring, subscription revenues.”