Not that I’m at all worried, being a regular contributor to iCreate, but Highbury’s not doing too well at the moment. Yesterday, the Independent on Sunday broke the news that Highbury spurned an approach from one of its former directors last week to buy some or all of its titles.
I’m guessing it could well be Imagine Publishing that made the approach, although that would only make sense if they were planning to expand or only take on the IT titles.
What staggers me though is how quickly it all went wrong. The Independent has a nice piece that analyses the recent history of the company, but I’m curious about how 3i so badly misjudged the situation only a year and a half ago. Well, it didn’t misjudge it from its perspective, of course, but Paragon certainly got the sharp end of it.
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