Square Up Media – publisher of Square Mile, Foodism and Escapism magazines – has announced that it has reached an agreement with Forward Dimension Capital (FDC) to acquire Factory Media, excluding its German assets. Factory Media runs 20 brands across sports and lifestyle, including Mpora, Road Cycling UK, and Dirt.

Factory Media has more than 6.8m monthly unique users across its sites, and an average monthly social media reach of 380m peopleThe company also invested in a new photo studio last quarter. Tun Yard Studios, in Clapham Old Town, is a 1,400sq ft space primarily used for Square Up Media shoots, but also available for hire as a fully equipped studio or events space.

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Square Mile in 'regional newspapers & magazines'
Foodism in 'consumer magazines'
Escapism in 'consumer magazines'