Future Plc Acquires SmartBrief for $45 to $65 Million

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 ]
News tagged with: #month period #greater share #magazines division #global circulation #christine shaw— #sectors—claims #professional associations #substantially boost #market position #b2b sector #technology capabilities #earnings enhancing #exciting opportunities #$45 million—funded #digital media

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Myrmidon acquires Commonwealth Writers Prize shortlistee

Written By: Graeme Neill Publication Date: Wed, 16/02/2011 - 06:35 Independent publisher Myrmidon has bought world English language rights (excluding South Africa) to a novel shortlisted for the 2010 Commonwealth Writers Prize. Ed Handyside, publisher and founder, bought the rights to Trespass... Continue reading at The Bookseller

[ The Bookseller | 2011-02-15 00:00:00 UTC ]
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H&S acquires Misery Bear title

Written By: Charlotte Williams Publication Date: Mon, 14/02/2011 - 15:23 Hodder & Stoughton has acquired world rights to the first title from BBC Comedy web hit Misery Bear. H&S publisher Lisa Highton bought Misery Bear's Guide to Love & Heartbreak from Roughcut TV. The title will... Continue reading at The Bookseller

[ The Bookseller | 2011-02-14 00:00:00 UTC ]
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HarperCollins Children's Books acquires four

Written By: Graeme Neill Publication Date: Mon, 14/02/2011 - 17:21 HarperCollins Childrens Books publishing director Helen Mackenzie Smith has bought her first books since joining the publisher from Random House earlier this year. She bought four books by picture author and illustrator Rachel... Continue reading at The Bookseller

[ The Bookseller | 2011-02-14 00:00:00 UTC ]
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Transworld acquires Streets memoir

Written By: Charlotte Williams Publication Date: Tue, 15/02/2011 - 08:51 Transworld is to publish music memoir The Story of the Streets by Mike Skinner, detailing the rise of the Birmingham-born rapper and his band. Editorial director Simon Thorogood bought UK and Commonwealth rights from Jon... Continue reading at The Bookseller

[ The Bookseller | 2011-02-14 00:00:00 UTC ]
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Egmont acquires Curham

Written By: Caroline Horn Publication Date: Fri, 11/02/2011 - 10:49 Egmont Press has acquired two books by Siobhan Curham: Dear Dylan and Finding Cherokee Brown. Curham self-published Dear Dylan in March 2010 and it won the Young Minds Award. Egmont will publish Dear Dylan in July and Finding... Continue reading at The Bookseller

[ The Bookseller | 2011-02-11 00:00:00 UTC ]
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Beautiful Books acquires two "major" autumn titles

Written By: Charlotte Williams Publication Date: Thu, 10/02/2011 - 08:00 Beautiful Books has acquired two "major" non-fiction titles for autumn 2011, with one revisiting Orwell's Wigan Pier and another looking at one of the first people to recognise the Young British Artists (YBA). Publisher... Continue reading at The Bookseller

[ The Bookseller | 2011-02-10 00:00:00 UTC ]
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Viking acquires art title by Will Gompertz

Written By: Charlotte Williams Publication Date: Thu, 10/02/2011 - 08:01 Viking has acquired world rights to a modern art title by BBC arts editor Will Gompertz. Editor Ben Brusey bought What Are You Looking At?: The Surprising Story of Modern Art directly from the author, with Viking to... Continue reading at The Bookseller

[ The Bookseller | 2011-02-10 00:00:00 UTC ]
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Future appoints former investment banker Wolstenholme as director

Magazine publisher Future, owner of Total Film and Classic Rock, has appointed former media investment banker Manjit Wolstenholme as non-executive director. Continue reading at Media Week

[ Media Week | 2011-02-10 00:00:00 UTC ]
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S&S Children's acquires "Arthurian" series

Written By: Charlotte Williams Publication Date: Tue, 08/02/2011 - 08:20 Simon & Schuster Children’s Books has acquired an adventure series inspired by Arthurian legend. Venetia Gosling, fiction editorial director at Simon & Schuster, bought world rights to eight books from Ben... Continue reading at The Bookseller

[ The Bookseller | 2011-02-08 00:00:00 UTC ]
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WHS acquires 22 British Bookshops stores

Written By: Lisa Campbell Publication Date: Tue, 08/02/2011 - 09:10 W H Smith has acquired 22 stores previously run by British Bookshops and Stationers in a £1m deal. The bookshops will continue to trade under BB&S until a "phased takeover" begins later this month in stores in Teddington... Continue reading at The Bookseller

[ The Bookseller | 2011-02-08 00:00:00 UTC ]
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At Dealmakers Summit, Execs Imagine the Media Company of the Future

Expect much higher capital expense costs and much greater need for in-house digital development skill. Continue reading at Folio Magazine

[ Folio Magazine | 2011-02-05 00:00:00 UTC ]
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New Android market shows the future is in device-agnostic app stores

By Tim Conneally, Betanews Google on Thursday finally launched a renewed web-based Android Market that integrates with a user's Google account and lets him shop for applications and send them to the various Android-powered devices linked to the account. This new shop marks the industry-wide... Continue reading at Betanews

[ Betanews | 2011-02-05 00:00:00 UTC ]
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Hodder acquires teen paranormal romance trilogy

Written By: Charlotte Williams Hodder Children's Books has acquired a teen paranormal romance trilogy, written by debut author and Random House adult fiction publicist Ruth Warburton. Senior editorial manager for fiction at Hodder Children's Sara O'Connor acquired world rights for a five-figure... Continue reading at The Bookseller

[ The Bookseller | 2011-02-03 00:00:00 UTC ]
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Earthscan acquired by Taylor & Francis

Written By: Charlotte Williams Environmental publisher Earthscan has been bought by international academic publishing group Taylor & Francis following a process brokered by mergers and acquisitions specialists Bertolli Mitchell. The deal was completed on Monday [31st February]. read more Continue reading at The Bookseller

[ The Bookseller | 2011-02-03 00:00:00 UTC ]
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Michael Joseph acquires Stacey Solomon

Written By: Charlotte Williams Michael Joseph has acquired rights in "X Factor" finalist and "I'm a Celebrity, Get Me Out of Here!" queen Stacey Solomon's autobiography. Katy Follain, Michael Joseph non-fiction publisher bought British Commonwealth including Canada, serial, audio and ebook... Continue reading at The Bookseller

[ The Bookseller | 2011-02-03 00:00:00 UTC ]
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Octopus acquires CarbLovers diet title

Written By: Katie Allen Octopus has acquired a new diet book which extols the virtues of eating pasta, bread, potatoes and pizza. Octopus publishing director Stephanie Jackson acquired UK and Commonwealth rights to The CarbLover's Diet with Tom Mifsud and Steve Sandonato of Time Home... Continue reading at The Bookseller

[ The Bookseller | 2011-02-02 00:00:00 UTC ]
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The Daily's $30 Million Launch: Archetype for Tablet Success or the Next Portfolio?

Apple kept mum on its highly anticipated digital subscription plan during a press conference today at the Guggenheim in New York City announcing News Corp.'s new tablet publication The Daily (which is available in the App Store as of noon Eastern), but News Corp. Continue reading at Folio Magazine

[ Folio Magazine | 2011-02-02 00:00:00 UTC ]
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Hearst To Buy Lagardere Magazine, Digital Units for $889 Million

Hearst Corp. announced today that it has made an offer of 651 million euros (or about $889 million) for Lagardere's international press and magazine business, including 102 titles in 15 countries, and 50 related Web sites. The deal includes publishing rights to Elle in 15 countries as well as 10... Continue reading at Folio Magazine

[ Folio Magazine | 2011-01-31 00:00:00 UTC ]
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Borders secures funding but doubts remain over future

Written By: Graeme Neill Borders has finally secured an agreement for fresh funding, with GE Capital providing $550m of new cash, but only if publishers stump up $125m. Publishers Weekly reports the troubled retailer has said for the first time that it doesn't rule out the possibility of... Continue reading at The Bookseller

[ The Bookseller | 2011-01-28 00:00:00 UTC ]
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Paste Returns? Music Mag Acquired, Set to Relaunch as Digital Edition

The assets of music magazine Paste—which folded in print last fall but kept Pastemagazine.com alive—have been sold to Wolfgang's Vault, owner of a variety of music sites including Continue reading at Folio Magazine

[ Folio Magazine | 2011-01-26 00:00:00 UTC ]
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