Future plc has acquired Washington, D.C.-based online B2B publisher SmartBrief, the latest move in a string of purchases aimed at expanding the London-based media giant's presence in the U.S. Expected to close on Wednesday, the agreement involves an initial purchase price of $45 million—funded through a combination of debt and $12.8 million in shares—as well as a deferred payment of up to an additional $20 million if SmartBrief meets certain profit targets over the next year. In addition strengthening its B2B capabilities, growing its footprint in the U.S. and shifting more of its revenues toward digital advertising, events and e-commerce—all central aspects of the company's growth strategy under CEO Zillah Byng-Thorne—Future said it was attracted to SmartBrief's proprietary technology, including its CMS, taxonomy search tool, ad server and newsletter tracking system, which it plans to apply to other areas of the company. Following last year's acquisitions of NewBay Media, for $13.8 million, and Purch's consumer media and brand licensing business, for $132.5 million, Future now generates more than half of its overall revenues in the U.S., according to its most recent earnings report, which details the six months ending March 31, 2019. The company claimed £108.7 million ($132.9 million) in revenue over the six month period, of which 52% was derived from its U.S. business, with the remaining 48% coming from the UK. Across both markets, about two-thirds (69.6%) of that... Continue reading at 'Folio Magazine'
[ Folio Magazine | 2019-07-30 16:09:27 UTC ]
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Facebook Chief Executive Mark Zuckerberg and his wife, Priscilla Chan, have donated $5 million to help undocumented immigrants attend college, Zuckerberg said in a post on his Facebook page. Continue reading at Los Angeles Times
[ Los Angeles Times | 2015-06-18 00:00:00 UTC ]
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Tim Duncan claims he lost more than $20 million to a dishonest financial advisor, according to a report in Bloomberg Business. Continue reading at Los Angeles Times
[ Los Angeles Times | 2015-06-18 00:00:00 UTC ]
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If Foyle's London Bookstore of the Future failed, it would signal the end, but one year on the store is thriving, with week on week sales hikes of 5-20% . The post Foyle’s “Bookstore of the Future” Celebrates First Birthday appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2015-06-12 00:00:00 UTC ]
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Foyles new c.e.o Paul Currie has said the company’s new Birmingham store will be its “model of the future.” Speaking at former c.e.o Sam Husain’s retirement party last night (8th June), which also celebrated the first anniversary of the new Foyles flagship store on Charing Cross Road, Currie... Continue reading at The Bookseller
[ The Bookseller | 2015-06-10 00:00:00 UTC ]
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Scribner in the UK and Atria Books in the US, both part of the Simon & Schuster group, have acquired a new book by Swedish novelist and playwright, Jonas Hassen Khemiri. World English Language rights in the novel, titled Everything I Don’t Remember, were acquired by Rowan Cope, editorial... Continue reading at The Bookseller
[ The Bookseller | 2015-06-10 00:00:00 UTC ]
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Google’s buy button and other mobile tech can allow advertisers to leave behind the “spray and pray” approach of days gone byLike many children of the 1970s, I spent many hours immersed in the futuristic visions of the comic book 2000AD, whose Judge Dredd stories were compellingly dystopian. One... Continue reading at The Guardian
[ The Guardian | 2015-06-10 00:00:00 UTC ]
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Sphere has bought two novels by actress and television presenter Denise Welch. In her first deal for the list, deputy publisher for Sphere fiction Maddie West acquired UK and Commonwealth rights in two books from Gordon Wise at Curtis Brown. Welch has starred in programmes including... Continue reading at The Bookseller
[ The Bookseller | 2015-06-06 00:00:00 UTC ]
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Zaffre, an imprint of Bonnier Fiction Publishing, has acquired a new crime series by David Jackson. The series is set in Liverpool and features policeman DS Nathan Cody.The first book in the series is entitled A Tapping at my Door. Zaffre acquired the UK and Commonwealth rights from Oli Munson... Continue reading at The Bookseller
[ The Bookseller | 2015-06-06 00:00:00 UTC ]
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The Daily Mail is announcing today that it has invested $3 million in publishing-tech company Taboola, and there are two big reasons why—native ad dollars and speed. "At the end of the day, we have to move so quickly," said Jon Steinberg, CEO of Daily Mail North America. "We're all competing... Continue reading at AdWeek
[ AdWeek | 2015-06-04 00:00:00 UTC ]
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Nosy Crow has said it has broken the one million sales mark for the first time with its The Rescue Princess series, written by author Paula Harrison and illustrated by Sharon Tancredi. The publisher has sold almost 10,000 copies of the books in the UK through Nielsen BookScan Total Consumer... Continue reading at The Bookseller
[ The Bookseller | 2015-06-03 00:00:00 UTC ]
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In a matter of hours, pre-orders pushed 'Grey: Fifty Shades of Grey as Told by Christian,' to the top of the Barnes & Noble and Amazon bestseller lists. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-06-02 00:00:00 UTC ]
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Capstone has acquired a picture book by Carmen Oliver, author and founder of book agency The Booking Biz. Bears Make the Best Reading Buddies was created to encourage literacy and is about a little girl called Adelaide and her reading buddy, Bear. In the story, Adelaide has to persuade her... Continue reading at The Bookseller
[ The Bookseller | 2015-05-30 00:00:00 UTC ]
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Revenue at Books-A-Million fell 1.9% in the first quarter ended May 2, 2015 compared to last year’s first period. Net loss at the chain was cut to $5.3 million, from $5.6 million. Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-05-29 00:00:00 UTC ]
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SAGE has purchased Pion Limited, an independent publisher of academic journals. The sale, which was brokered by Bertoli Mitchell LLP, was announced jointly by chairman for Pion, David Cohen and Ziyad Marar, SAGE’s global publishing director. The acquisition results in Pion’s entire publishing... Continue reading at The Bookseller
[ The Bookseller | 2015-05-28 00:00:00 UTC ]
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Tech news blog Re/code has been acquired by online publishing company Vox Media, just 18 months after spinning off from its former parent, The Wall Street Journal. Continue reading at Stuff
[ Stuff | 2015-05-27 00:00:00 UTC ]
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Subscription ebook services have been a buzzworthy topic in recent years, but are they a good deal for authors and publishers? That was the topic of a standing room only panel, moderated by Smashwords founder Mark Coker who noted the promise of subscription models as well as the “legitimate... Continue reading at Publishers Weekly
[ Publishers Weekly | 2015-05-27 00:00:00 UTC ]
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Lifestyle media company Mode Media raised $30 million in Series G funding on Thursday to invest in its technology platform. Hubert Burda Media led the round, according to TechCrunch. The company has raised $186 million in equity funding to date. CEO Samir Arora co-founded the Brisbane-based... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2015-05-23 00:00:00 UTC ]
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Summersdale's recently-launched health imprint Vie will publish a memoir by British psychiatrist Linda Gask this September. The Other Side of Silence: A Psychiatrist's Memoir of Depression chronicles Gask's own experiences of depression. Despite spending her career helping other people's mental... Continue reading at The Bookseller
[ The Bookseller | 2015-05-23 00:00:00 UTC ]
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#mental health
The 12th Thessaloniki Book Fair was a surprising success, though Greek publishers are frustrated with the lack of local support and international interest. The post Thessaloniki Book Fair: A Little Miracle with an Uncertain Future appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2015-05-18 00:00:00 UTC ]
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