Zac Goldsmith sells the Ecologist for £1

Zac Goldsmith sells the Ecologist for £1

Leading environment magazine known for its campaigns and hard-hitting investigations will merge with Resurgence

After 42 years of lawsuits from GM companies, campaigns against nuclear power, and breastfeeding tips, the Goldsmith family has sold the Ecologist magazine for £1.

The magazine, , will now return to print and incorporated into the 45 year old Resurgence magazine. Editor Satish Kumar described the new title, Resurgence & The Ecologist, as “a marriage made in heaven”.

Zac Goldsmith, the Ecologist”s owner and former editor, said: “The Ecologist has spearheaded social, scientific and political ecology while Resurgence has spearheaded cultural and artistic ecology. Now the time has come to bring these two aspects of the environmental movement together by merging Resurgence and the Ecologist.”

Eight to 10 pages of the magazine, published six times a year, will be dedicated to Ecologist content, but “the flavour of the Ecologist will go right through the magazine,” said Kumar.

The magazine was making losses in millions and was financially propped up by the Goldsmiths since its foundation. Discussion for selling the brand began in April and a deal finalised within two months. The Ecologist archive is now being migrated to Resurgence.

The Ecologist headquarters will be relocated to Devon and staff redundancies will be decided after consultation, Kumar said.

He said financial pressure appear to be the reason behind the sale, with Goldsmiths spending £500,000 a year on the magazine. Zac Goldsmith”s personal fortune is estimated between £200-300m.

The Ecologist was founded in 1970 by the visionary Teddy Goldsmith in the midst of the global wave of awareness that led to the 1972 Stockholm Conference on the Environment. That year Goldsmith devoted a whole issue to his “Blueprint for Survival” which began: “The principal defect of the industrial way of life with its ethos of expansion is that it is not sustainable”. The blueprint sold thousands of copies and in its wake PEOPLE, the original incarnation of the UK Green party, was founded.

Read the full story on The Guardian”s website here…

Comments: No Responses to “Zac Goldsmith sells the Ecologist for £1”

Leave a Reply

Advertisement

Newsletter

E-mail

Share this Story

Find Us On...