14/1/17

Metal Hammer Has Been Saved

Good News For Us But Especially For The Employees

Metal Hammer Logo
Great new for the Metal Hammer employees as they are back on work. If you are a metalhead you sure will know Metal Hammer the best magazine about metal and the oldest one I think . So the story with the magazine goes like this . In 2013 the former Metal Hammer Future Publishing has sold all the magazines, domain names, events, radio license and websites of Classic Rock, Metal Hammer, Prog, The Blues and The Golden Gods to Team Rock for £10.2 million .But this December Team Rock declared bankrupted as a result around 70 employees was fired and they haven't paid at all days before Christmas. But now future has come to the rescue . The company a few days ago bought the Metal Hammer again and has rehired all of its employees. But the thing that makes this story even greater is for how much the company bought it back . Its £800,000 !
That means that Future Publishing got a profit of £9.4 million ,that's insane! But the thing that really matters is that 70 people didn't lose their jobs ! I hope Metal Hammer to keep up the great work that they provide us and nothing like this happen ever again! 

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