New York—The Scientist will live to experiment again. LabX Media Group has announced it intends to acquire the publication from Sciencenow Inc., a member of the Science Navigation Group. Financial terms of the deal, expected to close by the end of this month, were not disclosed.
Sciencenow had announced the closure of The Scientist earlier this month. “We are delighted that, following the decision to cease publication of The Scientist, LabX Media Group has stepped in to save The Scientist and keep the majority of its existing team together. We hope to return to our normal high service level for all our readers, contributors and advertisers in the next few weeks,” said Sande Giaccone, sales and marketing director of The Scientist, in a statement.