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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#global circulation
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#b2b sector
#digital media
Fourth Estate has signed a new novel from American author David Gilbert. His novel, & Sons... Continue reading at The Bookseller
[ The Bookseller | 2013-08-08 00:00:00 UTC ]
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China's Douban is experimenting with crowdsourced translations of English literature, including SF and short stories by David Mitchell. Can it help authors enter the market? Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2013-08-07 00:00:00 UTC ]
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#foreign authors
#english literature
#short stories
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While IBT Media has carved itself a profitable space in a few niche markets, it hasn't been a household media name. Continue reading at Folio Magazine
[ Folio Magazine | 2013-08-06 00:00:00 UTC ]
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#niche markets
Amazon Publishing senior acquisitions editor Emily Marneur has made her first two acquisitions... Continue reading at The Bookseller
[ The Bookseller | 2013-08-06 00:00:00 UTC ]
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With the simple concept of alerting readers to a curated list of discounted ebooks, Bookbub has attracted nearly 1.5 million users in just a year. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2013-07-25 00:00:00 UTC ]
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#discounted ebooks
Gerard Jones, author of 'Men of Tomorrow: Geeks, Gangsters, and the Birth of the Comic Book,' explains the origins of comic books, the hardships they went through, and where they are apt to go next. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2013-07-20 00:00:00 UTC ]
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#comic book
#comic books
Today’s tech titans are blessed with wondrous perks: company cars, private jets, even a free house for Amazon’s Jeff Bezos. But Russian oil titan Gazprom--one of the largest companies in the world--and its chief executive Alexey Miller, together have reached a new level: setting aside 119.7... Continue reading at PC World
[ PC World | 2013-07-17 00:00:00 UTC ]
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In an interview with Guernica magazine, literary agent Nicole Aragi discusses the crisis of literary fiction, why translated books don't sell in the US, and more. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2013-07-09 00:00:00 UTC ]
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#literary fiction
The fate of several prominent U.S. newspapers could be irrevocably altered in coming weeks as publishers make restructuring moves. Facing declining ad revenue and readership, large newspaper companies are cutting costs, eliminating or selling assets ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2013-06-28 00:00:00 UTC ]
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#coming weeks
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Preliminary results from a new survey say that Japan's ebook market is valued at 72.9 billion yen ($740 million), a 15.9% jump over 2011. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2013-06-28 00:00:00 UTC ]
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#preliminary results
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The future of book publishing is increasingly digital -- and increasingly tilted towards genre fiction. Continue reading at Wired
[ Wired | 2013-06-26 00:00:00 UTC ]
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#big publishers
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Magnify, a video distribution and curation startup, has raised $1 million from a group of investors that includes TED conference producer Chris Anderson and Chris Kelly, Facebook's former chief privacy officer. Magnify, which has previously raised $4.2 million over five years, helps publishers... Continue reading at AllThingsD
[ AllThingsD | 2013-06-24 00:00:00 UTC ]
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#video distribution
#york-based company
Amazon Publishing announces that the Hangman's Daughter series is their first million seller. Is it a cause for concern? Celebration? Or merely surprise that it took this long? Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2013-06-20 00:00:00 UTC ]
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#amazon publishing
Shadow culture secretary Harriet Harman has called a debate on the future of the arts and... Continue reading at The Bookseller
[ The Bookseller | 2013-06-14 00:00:00 UTC ]
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#creative industries
Caffeine Nights Publishing has acquired more than 30 titles in the backlist of horror writer... Continue reading at The Bookseller
[ The Bookseller | 2013-06-10 00:00:00 UTC ]
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#horror writer
The latest from PublishNews Brazil includes the announcement Saraiva has launched a self-publishing platform and Abril Media Group has acquired ebook aggregator Xeriph. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2013-06-07 00:00:00 UTC ]
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This year’s Bookseller Association Conference will take place on 22nd-23rd September and... Continue reading at The Bookseller
[ The Bookseller | 2013-06-06 00:00:00 UTC ]
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#ba conference
A deal between Apple and publishers to set the price of ebooks cost customers "hundreds of millions of dollars", a government lawyer claims. Continue reading at BBC World
[ BBC World | 2013-06-04 00:00:00 UTC ]
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The Minumsa Publishing Group wins the rights to Haruki Murakami's latest novel, for what is said to be a record-breaking 150 million yen (about $1.49 million). Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2013-06-03 00:00:00 UTC ]
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#haruki murakami
When Penguin and Random House merge, the company will publish half the trade books in the USA. How can the rest of the industry compete? And what will be the impact on Amazon? Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2013-05-31 00:00:00 UTC ]
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#trade books