After publishing for 62 years, Yachts & Yachting went into administration last week, but the title has been bought by GNM Media, which counts Y&Y editor Gael Pawson and online editor Mark Jardine as directors.
 
The magazine's parent company, Yachting Press Ltd will be closing its Southend offices and the magazine's sister publication, Boards, has a new home with Factory Media.

'By acting speedily we have secured a smooth transition for readers and advertisers alike,’ said Ms Pawson. ‘Subscribers are assured that their subscriptions will be fulfilled and they will continue to receive their copies as normal. We are focussed on delivering a high quality product for both our readers and advertisers, and with 62 years of heritage behind the title, we believe it has a great future ahead.’

With writers of the calibre of Bob Fisher, Andy Rice, Andi Robertson and Mark Rushall together with a strong editorial and design team, the push to deliver the high quality dinghy and keelboat magazine continues.

'We believe in a strong future for the print magazine, and see an even closer collaboration between the magazine and website as the way forward,’ said Mr Jardine.

'I congratulate the directors of GNM Media on their determination to preserve an icon in our sport,’ said Mr Fisher, a long time contributor. ‘Y&Y has been a significant part of my life, as a reader since its first issue, and as a contributor for 40 years; its demise would have been unthinkably tragic, but now it will go from strength to strength.'