Australia's leading travel trade publisher has expanded, with Travel Daily owners Bruce and Jenny Piper agreeing to purchase the business from its founders, Ian McMahon and Eddie Raggett.

Last week McMahon and Raggett announced some changes for the publication (Travel Daily 17th July 2014), but following some swift negotiations a deal has been reached for Travel Daily to take it over.

Piper said it was an ideal fit, with a long-standing close relationship between Travel Daily and Travel Bulletin which have for many years been joint media sponsors of the National Travel Industry Awards.

“Ian McMahon and Eddie Raggett have taken Travel Bulletin to become the unquestioned leader in Australian travel trade print publishing,” he said.

“We look forward to building on their legacy, continuing Travel Bulletin's strong reputation for incisive analysis, destination updates and exceptional editorial,” he added.

McMahon said he and Raggett will work closely with the TD team “to ensure that Travel Bulletin continues as the industry's in-depth journal of record and analysis - the perfect complement to Travel Daily's comprehensive daily round-up of breaking news.

“We see it as a great fit,” he said.