Dovetail Services To Be Wound Down
On 31 January 2017 Dennis Publishing and Immediate Media Co – joint-owners of subscriptions management specialist Dovetail Services Ltd – announced their decision not to renew their joint venture agreement which expired in April.
The owners believe that the current market is over-served by existing providers and consolidation is inevitable. The owners therefore concluded that it is no longer in the best strategic interests of either shareholder to maintain ownership of a subscriptions management operation.
The shareholders have extended the joint venture to 31 January 2018 so that the company can continue to trade through 2017, while it undergoes a well-managed closure process.
Alongside Dennis and Immediate, Dovetail provides subscriptions management services to a roster of independent publishers. Dovetail is now focused on ensuring a smooth transition of services for all clients.