Guardian Media Group is selling personal finance monthly Money Observer to rival Moneywise Publishing, which owns Moneywise and the Interactive Investor website.
The decision comes just a month after GMG combined with private equity group Apax Partners to buy the trade magazines arm of Emap.
With monthly sales of 23,827, Money Observer trails behind Moneywise’s 30,151
Moneywise has been owned by Capital Accumulation since October 2004. GMG bought Money Observer as part of its takeover of the Observer newspaper in 1993.
