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| In the 1990s, Rubython was the owner, publisher and editor of ''Business Age'' magazine, which he sold to Dutch publishing giant VNU for close to £3 million. His next venture was ''Sunday Business'' newspaper, a more ambitious project that he hoped would exploit a gap in the market left vacant by the ''Financial Times''. However, it foundered almost from the very beginning due to a lack of investment, combined with an increase in business coverage by the existing Sunday newspapers. Although it achieved a circulation of 155,000 in its first week, this dropped within months to fewer than 40,000. Rubython was forced out soon afterwards although he continued to write for the newspaper. The holding company went into administration twice before the venture was sold to the Barclay Brothers. | In the 1990s, Rubython was the owner, publisher and editor of ''Business Age'' magazine, which he sold to Dutch publishing giant VNU for close to £3 million. His next venture was ''Sunday Business'' newspaper, a more ambitious project that he hoped would exploit a gap in the market left vacant by the ''Financial Times''. However, it foundered almost from the very beginning due to a lack of investment, combined with an increase in business coverage by the existing Sunday newspapers. Although it achieved a circulation of 155,000 in its first week, this dropped within months to fewer than 40,000. Rubython was forced out soon afterwards although he continued to write for the newspaper. The holding company went into administration twice before the venture was sold to the Barclay Brothers. | ||
| Rubython set up an online recruitment business in Clydebank, Scotland which failed after less than a year. To this day he still owes the staff their wages. | |||
| ==References== | ==References== | ||
Revision as of 23:59, 5 February 2008
Tom Rubython is a British journalist, entrepreneur and publisher with an interest in business topics and Formula One racing. He is currently the editor-in-chief of BusinessF1 magazine, and was formerly the founder and publisher of Formula 1 Magazine and editor of EuroBusiness magazine. He has written three books and most recently headed a collaboration to publish a 2004 biography of Ayrton Senna, The Life of Senna. Rubython lost a libel suit before the UK High Court in 2006 and was ordered to pay damages of £75,000. He appealed against this award but lost in the UK Court of Appeal on 18 April 2007. In June 2006, he faced another libel suit, this time from FIA director of publicity Richard Woods which Woods won. In March 2007, Rubython, in turn, won a libel action against Woods.
In the 1990s, Rubython was the owner, publisher and editor of Business Age magazine, which he sold to Dutch publishing giant VNU for close to £3 million. His next venture was Sunday Business newspaper, a more ambitious project that he hoped would exploit a gap in the market left vacant by the Financial Times. However, it foundered almost from the very beginning due to a lack of investment, combined with an increase in business coverage by the existing Sunday newspapers. Although it achieved a circulation of 155,000 in its first week, this dropped within months to fewer than 40,000. Rubython was forced out soon afterwards although he continued to write for the newspaper. The holding company went into administration twice before the venture was sold to the Barclay Brothers.
Rubython set up an online recruitment business in Clydebank, Scotland which failed after less than a year. To this day he still owes the staff their wages.
References
- "Rubython forced to pay the prices for Purnell libel". Pitpass.com. Retrieved 2007-03-23.
- "Well-suited". Grandprix.com. Retrieved 2007-03-23.
- "FIA loses libel action". Grandprix.com. Retrieved 2007-03-23.
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