WTF is a “core vertical”?
Its like a core horizontal except it goes up/down rather than left right? You’re not going to tell me you don’t know what a core horizontal is are you?
I suspect they’re selling because like a lot of print media, their advertising-led business model is bust and readership is going to the web for info instead
Do you think the business that bought this doesn’t know that, they just thought ‘yeh everyone still buys mags and I’ll snap this core vertical up for £24m’.
Maybe the crafts bit was the sweetener for them to buy the not so profitable sports bit. No one’s going to be reading Needlecraft Weekly or iStitch on an iPad.