Published with the strapline "Future of Media", it covers news about newspapers, magazines, TV, radio, and the online press, dealing with launches, closures, moves, legislation and technological advances affecting journalists.

[2] Rupert Murdoch's son-in-law Matthew Freud became the new owner of Press Gazette in May 2005, entering into partnership with former Daily Mirror editor Piers Morgan[3] to raise around £600,000 to buy the title.

The purchase was part of the break-up of Quantum Business Media by its owners, the venture-capital group ABN Amro Capital.

[4][5] On 19 October 2006, Freud announced that the magazine was for sale, citing as a reason indifference in the newspaper industry to the British Press Awards.

[citation needed] The company owned by Freud and Morgan, Press Gazette Limited, subsequently entered administrative receivership.