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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[ Publishing Perspectives | 2016-09-13 00:00:00 UTC ]
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UK publishers are mixed on performance of Facebook Instant Articles

Earlier this year, Facebook's referral traffic to publishers dropped, and those who'd invested heavily in Instant Articles were hardest hit. Some U.K. publishers have naturally been very cautious over how much they commit to it, and are still unsure the trade-offs of publishing directly to... Continue reading at Digiday

[ Digiday | 2016-09-12 00:00:00 UTC ]
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Stevenson and Clarke win Creative Future Literary Awards 2016

Lauren Stevenson and Maeve Clarke have been awarded the top prizes at the Creative Future Literary Awards 2016. Continue reading at The Bookseller

[ The Bookseller | 2016-09-09 00:00:00 UTC ]
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China retail summit seeks to learn lessons from UK indies

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[ The Bookseller | 2016-09-09 00:00:00 UTC ]
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Skyhorse Publishing: From Zero to $40 Million in 10 Years

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[ Publishers Weekly | 2016-09-09 00:00:00 UTC ]
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Bluebird acquires Benjamin's memoir The Stranger on the Bridge

Pan Macmillan's wellness and lifestyle imprint Bluebird has acquired the memoir of British mental health and LGBT campaigner and vlogger, Jonny Benjamin, describing how he was pulled back from the brink of suicide by a perfect stranger. Continue reading at The Bookseller

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The UK’s Publishers Association Issues a Brexit ‘Manifesto’

'UK publishing will embrace the opportunities presented by leaving the EU,' according to a Brexit manifesto on the Publishers Association's lobbying points. The post The UK’s Publishers Association Issues a Brexit ‘Manifesto’ appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2016-09-06 00:00:00 UTC ]
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My Job in 5: Giulia Mammana, marketing assistant, Maggioli

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Orion acquires 'East meets West' debut The Arrangement

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PRH voted fifth best place to work in UK media

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[ The Bookseller | 2016-09-02 00:00:00 UTC ]
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This Week's Bestsellers: September 5, 2016

Two new books about the Republican nominee debut on our Hardcover Nonfiction list. Plus movie tie-ins editions for ‘The Girl on the Train’ and ‘The Light Between Oceans’ get off to strong starts, and much more. Continue reading at Publishers Weekly

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China ‘delivering sales growth’ for UK publishers

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[ The Bookseller | 2016-09-02 00:00:00 UTC ]
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This week: a grind house horror shoot gone wrong in the Colombian rain forest, plus Jonathan Safran Foer's first novel in over a decade. Continue reading at Publishers Weekly

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Author Oliver Jeffers and graphic artist Sam Winston discuss their work "A Child of Books" Continue reading at BBC News

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China's WeChat signs UK copyright protection pledge

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[ The Bookseller | 2016-08-25 00:00:00 UTC ]
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