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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IBM and Bon Appetit Magazine have entered into a cookbook and big data partnership. Here's why cooking and food are so important for big data. This article contains interviews with Steve Abrams, IBM Watson Group Director and Stacey Rivera, Bon Appetit Digital Director.Read Full Story Continue reading at Fast Company
[ Fast Company | 2014-07-03 00:00:00 UTC ]
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Orchard Books has acquired YA title The Witch of Salt & Storm, a book set in a late-1800s... Continue reading at The Bookseller
[ The Bookseller | 2014-06-30 00:00:00 UTC ]
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Schuler Books, a group of three bookstores in Michigan, is acquiring Nicola's Books in Ann Arbor. The sale will be finalized in mid-August. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-06-30 00:00:00 UTC ]
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More library services could be delivered in local pubs and shops according to the chair of a... Continue reading at The Bookseller
[ The Bookseller | 2014-06-26 00:00:00 UTC ]
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Egmont has acquired two YA titles from Kevin Brooks, the winner of the 2014 CILIP Carnegie Medal... Continue reading at The Bookseller
[ The Bookseller | 2014-06-23 00:00:00 UTC ]
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The outcome of the current Amazon/Hachette pricing war has implications for the entire publishing industry, Wharton experts and others say. Continue reading at Knowledge@Wharton
[ Knowledge@Wharton | 2014-06-18 00:00:00 UTC ]
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Simon and Schuster Children’s Books has acquired the UK and Commonwealth rights to a YA... Continue reading at The Bookseller
[ The Bookseller | 2014-06-17 00:00:00 UTC ]
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Looking ahead to the American Libraries Association annual conference in Las Vegas later this month, Andrew Albanese takes stock of efforts by ALA’s Digital Content Working Group to influence the future direction of reading. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-06-13 00:00:00 UTC ]
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When poetry pays...U.S. poet Brenda Hillman and Canadian Anne Carson each receive $65,000 Griffin Poetry Prize. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-06-06 00:00:00 UTC ]
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Lobbyists for the music industry and streaming music services are gearing up to battle one another after the Justice Department said it will review decades-old agreements that govern songwriter royalties.The review, which follows court battles between rights holders and Pandora internet radio,... Continue reading at Advertising Age
[ Advertising Age | 2014-06-04 00:00:00 UTC ]
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Revenue at Books-A-Million inched up 0.2% in the first quarter ended May 3, 2014, to $103.8 million, compared to the year earlier period. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-05-30 00:00:00 UTC ]
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Douglas Preston and John Scalzi have a lot in common: their work, of course—they both write speculative and near-future fiction about, as Douglas Preston says, “things we are quite sure will happen.” Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-05-29 00:00:00 UTC ]
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While the bookseller and publisher are battling over mundane business specifics, the state of publishing hangs in the balance. Continue reading at The Atlantic
[ The Atlantic | 2014-05-29 00:00:00 UTC ]
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Simon & Schusters’s Gallery Books imprint has acquired "After," a three volume novel serialized on Wattpad by Anna Todd, in a mid-six figure deal that includes world and audio rights. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-05-27 00:00:00 UTC ]
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The publisher of the "Curious George" children's books expanded its presence in the fast-growing early-childhood education market with the acquisition of Cockeysville-based children's learning website Curiosityville. Continue reading at Baltimore Sun
[ Baltimore Sun | 2014-05-24 00:00:00 UTC ]
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Random House Children’s Publishers has acquired Daughter of the Dragon, the first in the... Continue reading at The Bookseller
[ The Bookseller | 2014-05-23 00:00:00 UTC ]
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Rowman & Littlefield Publishing Group has acquired Globe Pequot Press from parent company Morris Communications. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-05-22 00:00:00 UTC ]
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Hodder Children’s Books has acquired picture book Dave’s Breakfast, the sequel to... Continue reading at The Bookseller
[ The Bookseller | 2014-05-16 00:00:00 UTC ]
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Canongate has signed a second novel from Chris Killen. The publisher acquired world rights in In... Continue reading at The Bookseller
[ The Bookseller | 2014-05-09 00:00:00 UTC ]
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Three one-time expenses contributed to a loss of $3.4 million at Courier Corp. in the second quarter ended March 29, 2014 compared to last year’s second period. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-05-07 00:00:00 UTC ]
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