Japan Inc. Holdings, publisher of Japan Inc. magazine have announced that they have bought Metropolis Magazine. Interesting consolidation in Tokyo's English language publishing scene. Some of the reasons they cite.
- Metropolis is at the top of its game (in terms of the team and market share)
- Metropolis is Internet tolerant
- Metropolis is a great brand
- Metropolis is a keeper
- Metropolis has lots more potential
The article also contains an interesting snippet on the size of the English language market here:
"Right now we estimate that there are about 20 weeklies and monthlies and 5-6 daily newspapers all vying for an English-language market of just 80,000 foreigners and perhaps another 100,000 or so Japanese wanting to read in English".
