Daily Mail owner snaps up New Scientist for €80.8m

Founded in 1956, New Scientist has a weekly circulation of around 120,000, of which just over half are based in the UK

DMGT has bought New Scientist for £70 million (Screengrab/PA)

The owner of the Daily Mail and the Mail on Sunday has bought New Scientist magazine in a £70m (€80.8m) deal.

Daily Mail and General Trust (DMGT) said its consumer media business, dmg media, snapped up the weekly science and technology title from a group of investors led by former Ministry of Defence special adviser Bernard Gray.