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 ]
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Virago acquires first title from Oprah Winfrey imprint: The Black Angels

Virago has acquired one of the first titles publishing under Oprah Winfrey’s new book imprint at Flatiron Books in the US: The Black Angels: The Untold Story of the Nurses Who Helped Cure Tuberculosis by New Yorker Maria Smilios. Continue reading at The Bookseller

[ The Bookseller | 2017-01-06 00:00:00 UTC ]
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Ebury acquires true-crime memoir on catching a murderer

Ebury Press has acquired Catching a Serial Killer by former Detective Sergeant Stephen Fulcher - a true-crime memoir about the manhunt for murderer Christopher Halliwell. Continue reading at The Bookseller

[ The Bookseller | 2017-01-05 00:00:00 UTC ]
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S&S UK will not publish controversial Milo Yiannopoulos

Simon & Schuster UK will not join its US counterpart in publishing a book by controversial right-wing figure Milo Yiannopoulos. Continue reading at The Bookseller

[ The Bookseller | 2017-01-04 00:00:00 UTC ]
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Kobo acquires Tolino e-reading platform

Rakuten Kobo will take over the German Tolino ebook platform from Deutsche Telekom at the end of this month, pending approval from the German competition authorities. Continue reading at The Bookseller

[ The Bookseller | 2017-01-04 00:00:00 UTC ]
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UK publishers shy away from 'alt-right' star Milo Yiannopoulos

Despite a big-money deal in the US for the Breitbart journalist’s memoir, major UK publishers say they are likely to refuse ‘a toxic book’A week after “alt-right” figurehead and Breitbart editor Milo Yiannopoulos landed a lucrative $250,000 (£203,000) book deal with publisher Simon &... Continue reading at The Guardian

[ The Guardian | 2017-01-04 00:00:00 UTC ]
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PW’s 5 Most-Read Publishing News Stories of 2016

Among the most-read news stories on our website were our coverage of the increase in bookstore sales in the first six months of 2016 and stories related to book discoverability. Continue reading at Publishers Weekly

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My Job in 5: Jantien Abma

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My Job in 5: Hazel Kenyon

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Transworld acquires new novel by Anna Hope

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[ The Bookseller | 2016-12-21 00:00:00 UTC ]
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Hachette Livre acquires majority stake in mobile app company Brainbow

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[ The Bookseller | 2016-12-20 00:00:00 UTC ]
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Chicago Review Press Acquires Parenting Press

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[ Publishers Weekly | 2016-12-19 00:00:00 UTC ]
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[ Publishing Perspectives | 2016-12-16 00:00:00 UTC ]
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[ Betanews | 2016-12-15 00:00:00 UTC ]
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Amazon begins UK drone deliveries

Amazon has begun using drones to deliver parcels to customers in the UK, in a limited trial. Continue reading at The Bookseller

[ The Bookseller | 2016-12-15 00:00:00 UTC ]
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Troika acquires YA holocaust novel

Independent publisher Troika Books has bought a YA novel about Hitler’s attempted extermination of the Roma and Sinti people. Continue reading at The Bookseller

[ The Bookseller | 2016-12-15 00:00:00 UTC ]
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5 questions for Christian O'Connell

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Report finds that newsbrands generated £4.8bn revenue, supported 87,500 jobs and invested £97m in digital services while holding power to accountThe news publishing industry contributed £5.3bn to the UK economy in 2015, according to a Deloitte report commissioned by the News Media Association... Continue reading at The Guardian

[ The Guardian | 2016-12-14 00:00:00 UTC ]
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