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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When News Corp strikes out as a stripped-down publishing company in late June, its future fate will hinge on the performance of Dow Jones, a subsidiary that houses the flagship Wall Street Journal and a mish-mash of consumer and business products. ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2013-05-30 00:00:00 UTC ]
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Hachette Books Ireland and Orion Publishing, in collaboration with the Irish Times, have jointly... Continue reading at The Bookseller
[ The Bookseller | 2013-05-29 00:00:00 UTC ]
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In this week's PublishNews Brazil, we look at Brasilia's debate on future of digital publishing, FNLIJ's awards for kid's lit, and Brazil's turn as the focus of the Gothenburg Book Fair in 2014. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2013-05-25 00:00:00 UTC ]
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The folks at The Other 98% really, really don't want to see the Koch brothers to buy the Tribune Company. The non-profit organization has launched a fundraising campaign on Indiegogo to make a bid for the publishing company, which owns the Chic ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2013-05-16 00:00:00 UTC ]
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Last year, Hearst Magazines head David Carey said his company would have a million people subscribing to its tablet editions by the end of 2012. That didn’t happen, and they ended December with something like 900,000 subscri ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2013-05-03 00:00:00 UTC ]
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#tablet editions
Headline has acquired New Adult trilogy The Games by self-published ebook bestseller Nyrae Dawn... Continue reading at The Bookseller
[ The Bookseller | 2013-04-23 00:00:00 UTC ]
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The new James B. Hunt Library at North Carolina State University shows what can happen when you marry a library with cutting-edge technology and interesting design--plus an automated librarian. In a digital age where many commentators tolled the death knell for the book-bound library, we’ve... Continue reading at Fast Company
[ Fast Company | 2013-04-12 00:00:00 UTC ]
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Little, Brown has acquired a non-fiction title by Damien Lewis, War Dog: The No-Man's-Land... Continue reading at The Bookseller
[ The Bookseller | 2013-04-10 00:00:00 UTC ]
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Hodder Education has acquired Galore Park, publisher of textbooks, revision guides and past... Continue reading at The Bookseller
[ The Bookseller | 2013-04-03 00:00:00 UTC ]
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Flipboard latest update democratizes content curation on the service, introduces search, and provides integration with Etsy. With 50 million users, Flipboard, the social news magazine available on the iPhone and iPad, has become a dominant player in content curation. Now, with competition in... Continue reading at Fast Company
[ Fast Company | 2013-03-27 00:00:00 UTC ]
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Random House has acquired a debut novel called Five Days Left by Julie Lawson at auction. ... Continue reading at The Bookseller
[ The Bookseller | 2013-03-25 00:00:00 UTC ]
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Borders’s closure in 2011 served as a gloomy backdrop for the panel at the New York Public Library on February 12, “The Future of Art Book Publishing,” whose title carried a hint of bad news for catalogues and monographs. Continue reading at Publishers Weekly
[ Publishers Weekly | 2013-03-24 00:00:00 UTC ]
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Hodder Children's Books has acquired a new fiction series by author of the bestselling... Continue reading at The Bookseller
[ The Bookseller | 2013-03-22 00:00:00 UTC ]
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Quadrille Publishing has acquired The Belle and Boo Book of Craft, a project book inspired by the... Continue reading at The Bookseller
[ The Bookseller | 2013-03-21 00:00:00 UTC ]
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Random House Business Books has acquired a second volume of memoirs by “Dragons’ Den... Continue reading at The Bookseller
[ The Bookseller | 2013-03-20 00:00:00 UTC ]
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Cloud-based CMS, ecommerce and CRM services provider ePublishing has acquired Next-Tech Markets and its advertising network of business publishers. Terms of the deal were not disclosed. Continue reading at Folio Magazine
[ Folio Magazine | 2013-03-14 00:00:00 UTC ]
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#advertising network
Michael Joseph has acquired two novels by debut British thriller writer Jake Woodhouse, following... Continue reading at The Bookseller
[ The Bookseller | 2013-03-14 00:00:00 UTC ]
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Biteback Publishing has bought world rights to a book from Janis Sharp, the mother of hacker Gary... Continue reading at The Bookseller
[ The Bookseller | 2013-02-27 00:00:00 UTC ]
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TunedIn Media, the German company behind the second screen “social TV’ app TunedIn, has been acquired by European publishing giant Axel Springer. The amount isn’t being disclosed, so it’s unlikely to be a home ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2013-02-26 00:00:00 UTC ]
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