
Felix Dennis kept The Week out of its $240 million sale [0] of his U.S. publishing division, and now the company is buying products to complement it.
Dennis Publishing has acquired The First Post [1], a British online daily covering current affairs, from First Post Newsgroup Holdings, a private company. Terms of the deal were not disclosed, and a Dennis spokesperson declined to comment on the sale price.
The move confirms rumblings that The Week [2] would focus more energy on the Web this year, and expands the company’s current affairs portfolio.
First Post’s traffic tops a million unique visitors a month, according to Dennis. All 12 of the site’s staffers will become Dennis employees. Steven Kotok, The Week’s general manager in the U.S., called deal an “ideal match.”
