CR Media Ltd, publishers of Prestige and August Man magazines, has been acquired by Burda Singapore, which is a subsidiary of Hubert Burda Media of Germany. The two main CR Media magazines are distributed in other markets under license. Prestige magazine is published in Singapore and Hong Kong. The amount paid is not revealed.
Peter Kennedy, Regional MD for Burda Asia, says his company is looking to acquire additional businesses in the magazine and digital space.
Jane Leong, founder and owner of CR Media says she had been approached by other companies in the past but feels Burda “as a very successful German media company with a proven success record in Asia….would be the perfect home for our titles in the future.”