The region’s oldest news and business magazine, Island Business has been bought by a consortium made up of well known Fijian journalists and communications consultants.

The magazine’s Editor Samisoni Pareti, former Fiji Times and Fiji TV Editor Netani Rika, former radio and print journalist Dennis Rounds and communications specialist Ana Laqeretabua signed the deal on Tuesday for an undisclosed sum.

Their company Front Page Limited takes over the assets of Islands Business International, including contracts to produce the Solomon Airlines in-flight magazine and Discover Fiji.

Islands Business had been headed solely by Suva businessman/accountant Godfrey Scoullar since the death of his longtime publishing partner, veteran regional journalist Robert Keith-Reid, following a heart attack.

The magazine group’s long time editor-in-chief Laisa Taga also died last year, after a battle with cancer.

In its heyday Islands Business also published the region’s two biggest airline inflight magazines, Islands for Air Pacific and Paradise for Air Niugini..