Signature Media, LATTE‘s parent company, has finalised the purchase of Vacations & Travel magazine, cementing the positioning of the media powerhouse as the largest independent travel publisher in the Asia Pacific region.
Established in 1983 and previously owned by US-based Morris Media Network, Vacations & Travel is the longest-running travel magazine in Australia, and has a strong digital presence through its website and social media platforms.
Until now, Signature Media has focused on family and high-end travel markets. However, with the acquisition of Vacations & Travel, it will now cater to all markets.
Cathy Wagstaff, CEO & Group Editor, said: “The acquisition of Vacations & Travel magazine gives advertisers the opportunity to reach a much larger market, targeting different age groups and travel types, from cost-conscious travellers up to the discerning high-end luxe connoisseur and everyone in between.
“Vacations & Travel will fit very neatly into the Signature family, as will the existing editorial team headed by Jac Taylor and the digital team consisting of Anya Vokhmyakova and Eliza Velk. Helen Hayes, who has 14 years of history in various editorial roles with vacations magazine, will return to the team as Editor-at-Large.
We look forward to working together on this highly regarded travel title that has been on the shelves of newsagents and delivered to loyal subscribers for 37 years.”
Jac Taylor, the Editor of Vacations & Travel, added: “I have to admit, I was ecstatic to hear that it might be Signature Media acquiring Vacations & Travel, and I’m beyond happy that they’ve chosen to retain not just me, but Anya and Eliza – both such great core team members! I give my heartfelt thanks (to Cathy) for believing in us and in what we know is a quality and much-loved magazine.”
“Signature Media plans to return Vacations & Travel to its former glory as a leading travel title in this market. We will take it back to its roots, catering to a broad market sector – it will be the magazine for everyone, with inspirational content covering the whole spectrum of three- to five-star experiences around the globe,” Wagstaff concluded.
Given the current coronavirus crisis, Signature Media will rest the print title for two issues, publishing the first issue in summer this year. In the interim, the publisher will continue to produce digital content, focus on strengthening digital channels and will use the downtime to refocus the magazine as well as further fine-tuning its advertising and marketing strategies.