Australia's ProPrint magazine has been acquired by Printer Magazines Group (PMG) for an undisclosed sum. This was according to a report published by ProPrint itself. The transaction comes after Haymarket Media, the parent company of ProPrint, decided to exit from the Australian market. The remaining Australian brands of Haymarket have been sold or licensed to Sydney's nextmedia, the report said.

ProPrint editor Steven Kiernan will move to nextmedia as the CRN magazine editor. PMG will continue to manage both magazine brands side by side. Carmen Ciappara, sales manager of ProPrint, will continue working on the same project under the new ownership, the report said.

Brian Moore, PMG's group publisher, said of the transaction, "Our acquisition of ProPrint demonstrates a strong and continuing commitment to print and a logical addition to our existing portfolio of brands delivered in print and online. ProPrint's website is at the leading edge of online news and information delivery as well as reader engagement."