Arabian Business reports that Dubai’s publishing house, The Media Factory, is understood to be in a critical financial situation, having laid off many of its staff in the recent months and losing several of its contracts. The report stated that Mediaquest are currently in talks to acquire TMF, and are now negotiating over the price. However, TMF Director Russell Frame flatly denied negotiations were taking place.
Over the last three years TMF has lost contracts for, or ceased printing, many of its magazines, including Thai Airways inflight magazine Sawasdee, football magazine Four Four Two, and contract titles published on behalf of Emaar, Etisalat, the Kempinski hotel chain and the UAE’s Roads and Transport Authority.
 
In addition to its business magazines, the list of titles currently published by TMF includes Autocar, F1 Racing, Dubai Mall magazine and Airleron, an inflight magazine for private jets.  

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