The Week: Media News - ILN Group bought out

Illustrated London News Group, the customer publishing agency that owns the archive of the Illustrated London News, has been acquired by a company backed by Lisa Barnard, the managing director of ILN Group.

Barnard, who joined the company in 2000, will take a majority shareholding in the new business, Illustrated London News Limited. Other investors include Will Whitehorn, the president of Virgin Galactic and director of Virgin Rail Group, and Miles and Hugh Morrison, the founders of M:Communications.