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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Abrams & Chronicle UK reveals structural changes

Abrams & Chronicle Books' m.d. Brenda Marsh has made her first structural changes to the company since her appointment in June. Continue reading at The Bookseller

[ The Bookseller | 2016-11-18 00:00:00 UTC ]
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Fleet acquires filmmaker Harrison's debut The First Day

Fleet has acquired a debut novel The First Day, introducing its author, filmmaker Phil Harrison, as a "major new voice". Continue reading at The Bookseller

[ The Bookseller | 2016-11-17 00:00:00 UTC ]
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Industry Notes: Omeda, Lytics Team Up | Emerald Acquires RFID Journal

The latest from around the publishing world. The post Industry Notes: Omeda, Lytics Team Up | Emerald Acquires RFID Journal appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2016-11-17 00:00:00 UTC ]
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S&S to Acquire Adams Media

Simon & Schuster will acquire Adams Media, a nonfiction-focused publisher based in Avon, Mass., from F+W Media. Adams will become an S&S imprint and remain under the direction of Karen Cooper. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-11-15 00:00:00 UTC ]
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Walker acquires MG fantasy series

Walker Books has bought world rights to a middle-grade fantasy trilogy from Irish author Celine Kiernan. Continue reading at The Bookseller

[ The Bookseller | 2016-11-15 00:00:00 UTC ]
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Avon's Maze acquires 'Love Actually'-style romance novel

Maze, the digital-first imprint of Avon, HarperCollins, has acquired a "'Love Actually'-style interlinked romance novel" by debut author Tracy Corbett, as part of its programme to launch fresh talent. Continue reading at The Bookseller

[ The Bookseller | 2016-11-12 00:00:00 UTC ]
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Sharjah Book Fair Draws 1.3 Million Visitors in First Week

The Sharjah International Book Fair (SIBF), which runs November 2-12, drew 1.35 million visitors in its first week, a record turnout according to fair officials. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-11-11 00:00:00 UTC ]
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UK is country of honour at Russia Book Fair

The UK will be the Country of Honour at Russia’s International Book Fair at the end of November. Continue reading at The Bookseller

[ The Bookseller | 2016-11-11 00:00:00 UTC ]
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Elsevier and Jisc proclaim 'low-cost' UK deal

The UK's higher education digital services body Jisc has signed what is being described as a "landmark" agreement with publisher Elsevier, giving academics access to research "at costs lower than the industry average". Continue reading at The Bookseller

[ The Bookseller | 2016-11-11 00:00:00 UTC ]
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Harry Potter helps Hachette UK to 30% third quarter sales rise

The release of the Harry Potter and the Cursed Child playscript, published by Little, Brown, has helped Hachette UK to grow its sales by 30.1% in the third quarter, according to results issued by its parent company Lagardere. Continue reading at The Bookseller

[ The Bookseller | 2016-11-11 00:00:00 UTC ]
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Former ABA president Vlahos gets UK publishing deal

Len Vlahos, a former president of the American Booksellers Association (ABA), has a UK publishing deal for his next children’s book, Life in a Fishbowl. Continue reading at The Bookseller

[ The Bookseller | 2016-11-10 00:00:00 UTC ]
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PWC Sees Stable Future for German Book Market

In its annual review of Germany’s entertainment media sector, PriceWaterhouseCooper predicts stable revenue from the German book market through 2020. The post PWC Sees Stable Future for German Book Market appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2016-11-10 00:00:00 UTC ]
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UK must use its EU influence 'while it can', say creative industries

The creative industries need to make the most of the UK's voice and influence in discussions over the digital single market and copyright framework while it "still has a seat at the table", and exploit the "major opportunities" of non-EU export markets, representatives of the industries have said. Continue reading at The Bookseller

[ The Bookseller | 2016-11-08 00:00:00 UTC ]
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How UK publishers are covering the US election

The U.S. election is nearly over. Publishers are using reader interest in politics to gain new audiences through live blogging, video and extra print editions, in addition to the standard social media efforts. Sky News is creating an immersive 360-degree video on the insides of election night.... Continue reading at Digiday

[ Digiday | 2016-11-08 00:00:00 UTC ]
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Bonnier Zaffre acquires own lawyer's debut

Bonnier Zaffre has acquired all publishing and broadcasting rights to The Mayfly, an “electrifying" debut by James Hazel. Continue reading at The Bookseller

[ The Bookseller | 2016-11-08 00:00:00 UTC ]
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Faber acquires Prix Goncourt-winning novel by Leila Slimani

Faber has signed an "electrifying" literary novel by Leila Slimani, which was awarded French literary prize, the Prix Goncourt. Continue reading at The Bookseller

[ The Bookseller | 2016-11-05 00:00:00 UTC ]
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Nosy Crow raises £30,000 for War Child UK

Nosy Crow has raised £30,000 for War Child UK through the hardback sales of Refuge, a retelling of the Christmas story. Continue reading at The Bookseller

[ The Bookseller | 2016-11-03 00:00:00 UTC ]
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B&N Pays Boire $4.8 Million in Separation Agreement

Barnes & Noble has reached an agreement with its former CEO Ron Boire, who was abruptly fired in August, in which it will pay him nearly $5 million in exchange for his dropping all claims against the company. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-11-01 00:00:00 UTC ]
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Join Digiday, The New York Times and Keywee in NYC on Thurs. for the future of publishing

As part of Keywee's efforts to bring together the New York publishing community, we are teaming up with The New York Times and Digiday to discuss how The Times approaches topics like audience development, reader engagement, and content distribution, as well as trends in digital publishing. We... Continue reading at Digiday

[ Digiday | 2016-10-26 00:00:00 UTC ]
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HarperCollins acquires new Paddington Bear novel

HarperCollins Children’s Books will next year publish a further new Paddington Bear story by Michael Bond. Continue reading at The Bookseller

[ The Bookseller | 2016-10-26 00:00:00 UTC ]
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