Good news for the new year, though, because Future Publishing, the previous owners of the titles, has stepped in to acquire Team Rock, the magazines and the websites:
“The acquisition of these classic rock brands with their associated magazines, events and websites marks a further step in our buy and build strategy,” said Zillah Byng-Thorne, chief executive of Future.Future has scooped the lot - including a radio licence - for just £800,000. Back in 2013, Future had sold just the magazines for £10.2million.
“It further reinforces our creation of a leading global specialist media platform with data at its heart, which we are monetising through diversified revenue streams. We look forward to developing further these iconic and much-loved brands and to continuing to serve their communities of dedicated enthusiasts around the world.”
So, not perhaps a totally happy ending, as the business clearly isn't in a great shape - but there's hope, and in 2017, we need all the hope we can get.