UK-Based Future Acquires Purch for $132.5 Million

Future plc has reached an agreement to acquire U.S.-based rival Purch's consumer-facing brands, as well as its RAMP ad tech platform, for $132.5 million (£102 million), significantly expanding the London-based technology publisher's already growing North American footprint. Under the terms of the deal, expected to close in August, assets including Tom's Guide, Tom's Hardware, Live Science and Space.com, among other digital media brands—as well as Purch's multimillion-dollar ad tech licensing business—will join Future's U.S. portfolio, alongside consumer-facing brands such as PC Gamer and MacLife, and NewBay Media, which Future acquired in April for $13.8 million. "The two businesses share similar cultures," said Future CEO Zillah Byng-Thorne in a statement. "We both share our audiences' passion, we're data-driven, ambitious, and both have an innovative mindset. From day one, Future will be number-one in the U.S. consumer technology sector, and beyond this we see clear opportunities for combined growth." Not included in the sale to Future U.S. is Purch's small business-focused b2b unit, a portfolio whose properties include Business.com and Business News Daily as well as the online platform BuyerZone. That unit, which itself has expanded substantially in recent years under SVP and GM Aaron Bailey, will be rebranded as Business.com after the acquisition closes. "Our focus on content and commerce and the development of proprietary monetization technology enabled us to build a... Continue reading at 'Folio Magazine'

[ Folio Magazine | 2018-07-19 00:00:00 UTC ]
News tagged with: #annual revenue #joining forces

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West Lothian-based Lomond Books buys GW Publishing

Scottish publisher GW Publishing Ltd has been sold to West Lothian-based publisher, wholesaler and distributor Lomond Books Ltd for an undisclosed sum. Continue reading at The Bookseller

[ The Bookseller | 2017-05-09 00:00:00 UTC ]
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Season 5 Of “OITNB” Looks Like The Season We’ve Been Waiting For

Since Piper Kerman published her memoir Orange is the New Black, the former felon has become a staunch activist for the rights of prisoners and system reform. Jenji Kohan’s Netflix adaptation has certainly hit on very real topics like the privatization of prisons and poorly trained officers, but... Continue reading at Fast Company

[ Fast Company | 2017-05-09 00:00:00 UTC ]
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Facebook publishes fake news ads in UK papers

Adverts contain a list of ten things to look out for when deciding whether a story is genuine. Continue reading at BBC World

[ BBC World | 2017-05-08 00:00:00 UTC ]
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My Job in 5: Jess Gofton

Jess Gofton tell us all about her role as marketing development officer at University of Wales Press as part of our Wales Regional Focus, the first of our Regional Focus series.  Continue reading at The Bookseller

[ The Bookseller | 2017-05-06 00:00:00 UTC ]
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‘The future of their businesses is at stake’: European publishers are exploring alternatives to the duopoly

"Publishers everywhere are looking for answers, but this is an area European publishers are leading." The post ‘The future of their businesses is at stake’: European publishers are exploring alternatives to the duopoly appeared first on Digiday. Continue reading at Digiday

[ Digiday | 2017-05-04 00:00:00 UTC ]
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My Job in 5: Kyrsten Lowell

Kyrsten Lowell from Gardie Grant Publishing tells us all about her role as gift and special sales assistant. Continue reading at The Bookseller

[ The Bookseller | 2017-05-04 00:00:00 UTC ]
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Gulf Publishing Co. Acquires Century-Old Oildom Publishing

The Houston-based energy industry publisher makes its first major move since last year's management buyout. The post Gulf Publishing Co. Acquires Century-Old Oildom Publishing appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2017-05-03 00:00:00 UTC ]
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UK publisher on Facebook: ‘They hire nice people to placate us’

“They’re our competitors. They’re an existential threat.” The post UK publisher on Facebook: ‘They hire nice people to placate us’ appeared first on Digiday. Continue reading at Digiday

[ Digiday | 2017-05-02 00:00:00 UTC ]
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Reactions to the Publishers Association’s UK 2016 Report: Clearly Unclear on Digital

The culprit-of-choice for the new report's 'downturn' in e-reading is 'screen fatigue.' And the usual confusion follows a data-challenged overview. The post Reactions to the Publishers Association’s UK 2016 Report: Clearly Unclear on Digital appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2017-05-02 00:00:00 UTC ]
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Journals lead in UK publishing’s export drive

The industry’s earnings hit a new high in 2016, according to the PA Publishing Yearbook 2016, which has put total income from invoiced sales at £4.8bn. Continue reading at The Bookseller

[ The Bookseller | 2017-04-27 00:00:00 UTC ]
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'Screen fatigue' sees UK ebook sales plunge 17% as readers return to print

Consumer sales down to £204m last year and are at lowest level since 2011 – when Amazon Kindle sales first took off in UK Britons are abandoning the ebook at an alarming rate with sales of consumer titles down almost a fifth last year, as “screen fatigue” helped fuel a five-year high in printed... Continue reading at The Guardian

[ The Guardian | 2017-04-27 00:00:00 UTC ]
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Sphere acquires 'feel-good book club' fiction by Sophie Green

Little, Brown imprint Sphere has acquired The Inaugural Meeting of the Fairvale Ladies Book Club by Sophie Green from Hachette Australia. Continue reading at The Bookseller

[ The Bookseller | 2017-04-27 00:00:00 UTC ]
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UK publishers apply for offices in Sharjah's Publishing City

At least three UK publishers have applied to have bases in Sharjah’s “Publishing City”, The Bookseller has learned. Continue reading at The Bookseller

[ The Bookseller | 2017-04-27 00:00:00 UTC ]
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UK ebook sales flounder as interest in print copies rebounds

Book sales in the UK are on the rise, but not because of ebooks. Figures for 2016 released by the Publishers Association show a 7 percent rise over 2015, the largest year-over-year growth in a decade. Physical book sales were up 8 percent, however eb... Continue reading at Engadget

[ Engadget | 2017-04-27 00:00:00 UTC ]
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Scottish trade 'concern' over future of Freight Books

Authors and agents have expressed concern about the future of Scottish independent publisher Freight Books following the departure of co-founder and director Adrian Searle earlier this week. Continue reading at The Bookseller

[ The Bookseller | 2017-04-27 00:00:00 UTC ]
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Iraqi bestseller acquired by Oneworld

Oneworld has acquired The Baghdad Clock by Iraqi author Shahad al Rawi, originally published in Arabic by Dar al-Hikma in 2016. Continue reading at The Bookseller

[ The Bookseller | 2017-04-26 00:00:00 UTC ]
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As colleges ditch books, the future of the campus library is changing

As major universities like UC Berkeley abandon traditional book collections, the role of campus libraries is starting to look a little different from the good old days of an offline era. Continue reading at The Christian Science Monitor

[ The Christian Science Monitor | 2017-04-26 00:00:00 UTC ]
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Chronicling the past, and the future

As HarperCollins celebrates its 200th anniversary, archivist Dawn Sinclair delves into the HarperCollins archive. Continue reading at The Bookseller

[ The Bookseller | 2017-04-25 00:00:00 UTC ]
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Windows 10 Mobile Creators Update review: The future is increasingly uncertain

Microsoft’s Windows 10 Mobile Creators Update rides the coattails of the desktop OS, heavily leaning on improvements in Cortana and Edge to nudge Microsoft’s nearly comatose mobile platform further ahead.As the free upgrade rolls out Tuesday, our review of the Creators Update can't help but... Continue reading at PC World

[ PC World | 2017-04-25 00:00:00 UTC ]
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World Book Night celebrated across the UK

A range of events around the UK took place to mark World Book Night, with supporters from many parts of the trade doing their bit to champion the love of reading. Continue reading at The Bookseller

[ The Bookseller | 2017-04-25 00:00:00 UTC ]
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