Managing director of the new venture is Liz Rees-Jones, who has extensive experience of magazine publishing in Britain. She is the wife of Ivan Fallon, chief executive of Independent's South African offshoot, Independent Newspapers Holdings, the biggest publisher of daily newspapers in this country. The first title, House & Garden, will go on sale early next year.
Independent Newspapers Holdings was last week barred from publishing magazines by a High Court judgment which enforced the terms of a 1985 restraint of trade agreement with another local publishing group, Caxton Limited. But the ruling does not appear to affect the Irish parent company.
Copyright September 1997, Crain Communications Inc.