ACP, a division of the Australian media and entertainment group Publishing and Broadcasting Limited, announced that it is seeking to launch and acquire magazines in the UK consumer sector.
Colin Morrison, previously the chief executive of ACP in Australia and most recently the chief operating officer of the Future Network, has been hired as the chief executive of the new UK subsidiary. Vicky Mayer, the deputy editor of IPC's Now, has been appointed editor-in-chief.
Currently in research stages, ACP is considering various opportunities across the consumer market. Morrison said: "We'll plan carefully and approach this competitive market with respect, but we have the magazine brands, resources and talent to build, over time, a successful magazine business here."
ACP publishes more than 100 magazines in the Asia-Pacific region. In Australia, it has a 45 per cent share of the magazine market, publishing half of the country's best-selling magazines.
Its portfolio stretches across the women's market with Cosmopolitan and Australian Women's Weekly, the men's market with Ralph and Men's Style as well as across a range of special-interest publications. It also publishes magazines in the motoring, youth, lifestyle and sports sectors.
David Gardiner, the chief operating officer of ACP, said: "The market in the UK, although very competitive, is an exciting opportunity for ACP."
"Morrison has a thorough knowledge of ACP magazine brands and an intimate knowledge of the UK magazine market, making him an ideal appointment to lead ACP's UK expansion plans."
This announcement comes at the same time as Emap is looking at a possible sale of its publications The Face and J17, although Morrison denied they are in any negotiations.