Coast Magazine, which has a circulation of 40,464, is solely owned by Hearst Magazines UK and is edited by Clare Gogerty. Psychologies UK, which launched in 2005, is published by Hearst Magazines UK under licence from Groupe Psychologies in France. The UK magazine is edited by Louise Chunn and has a circulation of 104,491.
Kelsey Publishing Ltd, a family-owned business based in Kent, publishes specialist magazines and books including Period Home and Interiors, Jaguar World Monthly and Grow it!
Arnaud de Puyfontaine, Chief Executive, Hearst Magazines UK, says: “The decision to sell Coast Magazine and transfer our Psychologies UK licence to Kelsey Publishing Ltd is part of our overall strategy to focus on our core print titles and digital expansion. This move will enable both brands to grow and succeed under new ownership and we wish the team at Coast and Psychologies the very best for the future.”
Steve Wright, Managing Director of Kelsey Publishing Ltd, says: “We are proud to take on these two upmarket publications. Coast complements our portfolio of home interest magazines, while Psychologies, which is a prestigious international brand, will be our biggest title. This is a new and major strategic step in the development of Kelsey Publishing.”
Arnaud de Saint-Simon, CEO of Group Psychologies, says: “The full dedication of Kelsey Publishing and a close partnership between our teams will certainly strengthen the power of our brand in print and new media.”
After a short period of consultation, the Psychologies and Coast teams will move to the Kelsey HQ in Kent. There will be no interruption to the publishing schedule of either title.
