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: #greater share #global circulation #market position #b2b sector #digital media

Other Publishing stories related to: 'Future Plc Acquires SmartBrief for $45 to $65 Million'

Sceptre acquires Just My Typo

Sceptre has acquired a "compendium of typos" described as "the perfect word-lovers... Continue reading at The Bookseller

[ The Bookseller | 2012-03-13 00:00:00 UTC ]
More news stories like this |

Pan Mac acquires TOWIE's Nanny Pat

Pan Macmillan has acquired the memoirs of Nanny Pat, who stars in ITV1's "The Only Way... Continue reading at The Bookseller

[ The Bookseller | 2012-03-06 00:00:00 UTC ]
More news stories like this | News stories tagged with: #pan macmillan

Zell Company Seeks Part of Any Future Lawsuit Winnings Over Tribune Buyout

Billionaire Sam Zell is demanding a share of any money retirees and other creditors may win in lawsuits or legal settlements over the 2007 leveraged buyout he engineered of newspaper publisher Tribune Co. (TRB) The demand, made through the Zell-co ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2012-03-06 00:00:00 UTC ]
More news stories like this |

MCB acquires three from Young Sherlock author

Macmillan Children’s Books has acquired three titles from its Young Sherlock Holmes author... Continue reading at The Bookseller

[ The Bookseller | 2012-03-05 00:00:00 UTC ]
More news stories like this | News stories tagged with: #macmillan children

OverDrive acquires Book.ish

OverDrive has acquired Australian ebook company Booki.sh for an undisclosed sum in a move which... Continue reading at The Bookseller

[ The Bookseller | 2012-03-05 00:00:00 UTC ]
More news stories like this |

S&S acquires novel inspired by Meryl Streep

Simon & Schuster has acquired a novel called The Meryl Streep Movie Club, in which four women... Continue reading at The Bookseller

[ The Bookseller | 2012-03-01 00:00:00 UTC ]
More news stories like this | News stories tagged with: #ss acquires #meryl streep #simon schuster

Mira acquires three by Pam Jenoff

Mira has acquired three books by Pam Jenoff, marking a return to the publisher by the author who... Continue reading at The Bookseller

[ The Bookseller | 2012-02-29 00:00:00 UTC ]
More news stories like this | News stories tagged with: #pam jenoff

Orion looks to the future with restructure

The Orion Publishing Group is to undergo a restructure, with the existing trade division and... Continue reading at The Bookseller

[ The Bookseller | 2012-02-29 00:00:00 UTC ]
More news stories like this |

BBC Books acquires Hom and Huang

BBC Books has acquired a title by chefs Ken Hom and Ching-He Huang, both Chinese food specialists... Continue reading at The Bookseller

[ The Bookseller | 2012-02-28 00:00:00 UTC ]
More news stories like this | News stories tagged with: #bbc books

Apple Acquires App Search Engine Chomp

Apple confirmed yesterday that they have acquired the San Francisco-based software company Chomp Inc. Chomp’s feature product is their application search engine that sifts through hundreds of thousands of apps and narrows it down to just a few options for its users. Continue reading at Folio Magazine

[ Folio Magazine | 2012-02-25 00:00:00 UTC ]
More news stories like this |

Octopus acquires The Icecreamists title

Octopus has acquired the first book from boutique ice-cream parlour The Icecreamists, which sells... Continue reading at The Bookseller

[ The Bookseller | 2012-02-21 00:00:00 UTC ]
More news stories like this |

Media Decoder Blog: HarperCollins Is Said to Acquire Rights to Amanda Knox Memoir

Many in the publishing world were convinced that Ms. Knox's story would be a huge best seller, overcoming concerns that she may not be a sympathetic figure to some of the public. Continue reading at The New York Times

[ The New York Times | 2012-02-17 00:00:00 UTC ]
More news stories like this | News stories tagged with: #publishing world

Bloomsbury acquires "the" book on Lucian Freud

Bloomsbury has acquired world rights in a biography of the late artist Lucian Freud, penned by... Continue reading at The Bookseller

[ The Bookseller | 2012-02-16 00:00:00 UTC ]
More news stories like this | News stories tagged with: #bloomsbury acquires

Test our rivals' tablet claims, says Future as it publishes T3 data

Future is encouraging media agencies to probe the numbers its magazine publishing rivals are claiming for their tablet editions, as part of an "educational" initiative to grow the tablet advertising market. Continue reading at Media Week

[ Media Week | 2012-02-13 00:00:00 UTC ]
More news stories like this | News stories tagged with: #tablet editions

Canongate acquires Meek's '21st-century Anna Karenina'

Canongate editorial director Francis Bickmore has acquired a new novel by James Meek, author of... Continue reading at The Bookseller

[ The Bookseller | 2012-02-10 00:00:00 UTC ]
More news stories like this | News stories tagged with: #james meek

Stora Enso Restructures to Drop $63.6 Million in Costs

Stora Enso has announced a restructuring plan that aims to cut costs in its annual magazine paper operation by about $63.6 million by third quarter 2013, with the goal of improving efficiency and productivity. Continue reading at Folio Magazine

[ Folio Magazine | 2012-02-09 00:00:00 UTC ]
More news stories like this | News stories tagged with: #cut costs #restructuring plan