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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This story first appears on FOLIO: sister site, minonline. Meredith Corp. chairman/CEO (since July 2004) Steve Lacy announced that the board of directors approved a $1.02-to-$1.53 per-share increase in the quarterly dividend paid to investors and authorized the repurchase of $100 million of... Continue reading at Folio Magazine
[ Folio Magazine | 2011-10-27 00:00:00 UTC ]
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Written By: Katie Allen Publication Date: Thu, 27/10/2011 - 14:15 Solaris Books has acquired the sequel to Helix by sci fi author Eric Brown. Editor-in-chief Jon Oliver acquired UK and US rights in Helix Wars in a deal with agent John Jarrold. The title will be delivered in spring 2012 with... Continue reading at The Bookseller
[ The Bookseller | 2011-10-27 00:00:00 UTC ]
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At the New England Independent Booksellers Association annual fall conference earlier this month, booksellers and publishers grappled not just with the question of what bricks-and-mortar bookstores will look like in the future, but how long they will continue to exist. Continue reading at Publishers Weekly
[ Publishers Weekly | 2011-10-21 00:00:00 UTC ]
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American Media, Inc. [AMI] is executing an aggressive digital strategy with the help of RR DonnelleyAMI awarded the company a contract to assist with its digital convergence that extends until the year 2020 that is worth an estimated $550 million. Continue reading at Folio Magazine
[ Folio Magazine | 2011-10-20 00:00:00 UTC ]
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Written By: Charlotte Williams Publication Date: Tue, 18/10/2011 - 07:00 Saltyard Books has bought two books about Prashad, the Indian restaurant run by the Patel family in Bradford which narrowly missed out on Gordon Ramsey's Britain's Best Restaurant award. Saltyard Books publisher Elizabeth... Continue reading at The Bookseller
[ The Bookseller | 2011-10-18 00:00:00 UTC ]
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Specialist magazine publisher Future is launching a new monthly print and digital magazine, N-Photo, next month. Continue reading at Media Week
[ Media Week | 2011-10-12 00:00:00 UTC ]
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Written By: Charlotte Williams Publication Date: Fri, 07/10/2011 - 10:59 Penguin has acquired a diary written during the Second World War by a teenage concentration camp internee, striking a deal directly with the author at her home in Prague. Viking publishing director Venetia Butterfield... Continue reading at The Bookseller
[ The Bookseller | 2011-10-07 00:00:00 UTC ]
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Written By: Charlotte Williams Publication Date: Thu, 06/10/2011 - 08:40 Jonathan Cape has acquired a second novel from the John Llewellyn-Rhys prize-winning author Evie Wyld. Senior editor Alex Bowler acquired UK and Commonwealth rights to Wyld's All the Birds, Singing from Laetitia... Continue reading at The Bookseller
[ The Bookseller | 2011-10-06 00:00:00 UTC ]
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Publication Date: Wed, 05/10/2011 - 14:15 Omnibus Press is to publish a biography of double Grammy-winning singer Adele, penned by The Bookseller's non-fiction previews editor Caroline Sanderson. Omnibus commissioning editor David Barraclough acquired world, all English and electronic rights to... Continue reading at The Bookseller
[ The Bookseller | 2011-10-05 00:00:00 UTC ]
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Written By: Charlotte Williams Publication Date: Tue, 04/10/2011 - 10:15 Chatto & Windus has acquired a second book by the author of the bestselling memoir The Hare with Amber Eyes Edmund de Waal. Editorial director Clara Farmer bought UK and Commonwealth rights to The White Book: A... Continue reading at The Bookseller
[ The Bookseller | 2011-10-04 00:00:00 UTC ]
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What better place to be the day after Amazon unveiled its $199 Kindle Fire tablet (plus three Kindle models starting at $79) than a conference on e-readers? Long scheduled for September 29 and 30 in San Francisco, Intertechs two-day eReaders 2011 conference offered an even better platform than... Continue reading at Publishers Weekly
[ Publishers Weekly | 2011-09-30 00:00:00 UTC ]
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In a continuum of an acquisition series that has become Bonniers growth strategy, the publisher acquires Hearsts Cycle World. Terms of the deal remain undisclosed. Continue reading at Folio Magazine
[ Folio Magazine | 2011-09-30 00:00:00 UTC ]
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Magazine publisher Future expects to pay out up to £4.9m to cover redundancies and unused property, according to a trading update released today. Continue reading at Media Week
[ Media Week | 2011-09-28 00:00:00 UTC ]
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Written By: Graeme Neill Publication Date: Fri, 23/09/2011 - 10:47 Simon & Schuster has bought a memoir by opera star and "Les Miserables" lead Alfie Boe. Non-fiction editor Rory Scarfe bought world rights at auction from Felicity Blunt at Curtis Brown. The book, Alfie, will be published... Continue reading at The Bookseller
[ The Bookseller | 2011-09-23 00:00:00 UTC ]
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Glam Media, a lifestyle and fashion blog network, has acquired Ning, a platform for building social media communities. Terms of the deal were not disclosed, but reports are putting the price in the $150 million to $200 million range and mostly in stock. Continue reading at Folio Magazine
[ Folio Magazine | 2011-09-21 00:00:00 UTC ]
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Written By: Graeme Neill Publication Date: Mon, 19/09/2011 - 14:24 A Game of Thrones author George RR Martin has become the latest author to sell one million copies of his books for the Amazon Kindle. Martin joins Stieg Larsson, James Patterson, Nora Roberts, Charlaine Harris, Lee Child,... Continue reading at The Bookseller
[ The Bookseller | 2011-09-19 00:00:00 UTC ]
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Written By: Charlotte Williams Publication Date: Fri, 16/09/2011 - 09:21 Virago has bought rights to a satirical novel set at a top-class university. Associate publisher Ursula Doyle bought UK and Commonwealth rights to Penelope by Rebecca Harington from Jane Finigan at Lutyens &... Continue reading at The Bookseller
[ The Bookseller | 2011-09-16 00:00:00 UTC ]
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Written By: Charlotte Williams Publication Date: Mon, 12/09/2011 - 08:40 Penguin Ireland has acquired a first novel about the "mysteries and alchemies of friendship", likening it to The Reluctant Fundamentalist and the writing of W G Sebald. Senior editor Brendan Barrington bought world rights... Continue reading at The Bookseller
[ The Bookseller | 2011-09-12 00:00:00 UTC ]
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Written By: Charlotte Williams Publication Date: Wed, 07/09/2011 - 15:06 Transworld has acquired a debut novel by British scriptwriter Rachel Joyce, a graduate of Faber Academy's novel writing course, in a two-book deal. read more Continue reading at The Bookseller
[ The Bookseller | 2011-09-07 00:00:00 UTC ]
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There is a new tool in the magazine publishing arsenal for delivering new and dynamic content to the readerBUT from the printed magazine! By using your smartphone, you can take a picture of a postage stamp-sized 2D barcode on a printed page of an article (or ad), and suddenly be transported to... Continue reading at Folio Magazine
[ Folio Magazine | 2011-09-07 00:00:00 UTC ]
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