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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Brave Books, Kirk Cameron Plan Public Library Events August 5; Public Libraries Need to Prepare

Kirk Cameron is encouraging a national story time event in US public libraries August 5. Here's what library workers need to know. Continue reading at Book Riot

[ Book Riot | 2023-06-05 10:37:00 UTC ]
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WME Acquires Ross Yoon Agency

By acquiring the Washington, D.C.–based literary agency, WME signals a deepening focus on literary talent and specifically nonfiction, as well as a physical expansion into the D.C. area. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-06-02 04:00:00 UTC ]
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PW Picks: Books of the Week, June 5, 2023

Our favorite books coming out this week include new titles from Andre Dubus III, Juno Dawson, and Ivy Pochoda. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-06-02 04:00:00 UTC ]
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This Week's Bestsellers: June 5, 2023

Regional chart-toppers include Nora Roberts's latest, 'Identity,' and Abraham Verghese's 'The Covenant of Water,' which enjoyed its best sales since its May 2 release. Plus the movie adaption of David Grann's 'Killers of the Flower Moon' is one step closer to release. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-06-02 04:00:00 UTC ]
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Book Deals: Week of June 5, 2023

Little, Brown takes on a centuries-spanning Black family saga by a recent MFA grad, Lisa Gardner sells three to Grand Central, and more. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-06-02 04:00:00 UTC ]
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UK Prime Minister Rishi Sunak loves a horsey “bonkbuster.”

TIL … that the Rutshire chronicles is not euphemism for government incompetence but a blockbuster romance series by UK author Jilly Cooper OBE, and long a favorite of UK Prime Minister Rishi Sunak. Writes Politico: U.K. Prime Minister Rishi Sunak confirmed Thursday that he’s an avid reader of... Continue reading at Literrary Hub

[ Literrary Hub | 2023-05-25 13:27:20 UTC ]
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Vice and BuzzFeed were meant to be the future of news. What happened? | Jane Martinson

Their young audience made them the envy of the media’s old guard. But, ultimately, they couldn’t convert this into profitAfter Rupert Murdoch invested tens of millions of pounds in his digital publishing company in 2013, Shane Smith, boss of Vice Media, laughed at how much old media companies... Continue reading at The Guardian

[ The Guardian | 2023-05-20 07:00:50 UTC ]
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Lit Hub Daily: May 5, 2023

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Illustrated children’s biography of King Charles hits No 1 on UK book chart

Maria Isabel Sánchez Vegara’s book, illustrated by Matt Hunt, is the first of the Little People, Big Dreams series to top the standingsA children’s biography of King Charles III has topped the UK book chart before the coronation on 6 May.Maria Isabel Sánchez Vegara’s King Charles is part of the... Continue reading at The Guardian

[ The Guardian | 2023-05-05 09:57:25 UTC ]
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The Week in Libraries: May 5, 2023

Voters in Michigan overwhelmingly support their local libraries and oppose book bans; Illinois passes a groundbreaking bill to support the freedom to read; ALA announces its Banned Books Week 2023 theme, and more. Continue reading at Publishers Weekly

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Nielsen and the Future of TV Measurement

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[ AdWeek | 2023-05-02 20:53:41 UTC ]
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Post-Easter US Print Sales Up 5 Percent in Late April

In the week ending April 22, Circana saw adult nonfiction posting the largest gains in the United States print market. The post Post-Easter US Print Sales Up 5 Percent in Late April appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2023-05-02 13:43:54 UTC ]
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Microsoft inks another cloud gaming deal after the UK blocked its Activision takeover

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[ Engadget | 2023-04-28 17:25:18 UTC ]
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The top 5 AI marketing activations you need to know about right now

Bush's Beans gets a spot, a fake pizza brand pops up, Harry Potter gets Wes Anderson treatment and more. Continue reading at Advertising Age

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Blackstone and Valiant Announce Inaugural Novels Based on Comics Content

Blackstone Publishing and Valiant Entertainment announced four inaugural titles featuring novelizations of comics characters. The first books are due out in early 2025. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-04-25 04:00:00 UTC ]
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The mouse that roared: how a little Australian website stared down Murdoch’s millions

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‘Chilling’ arrest of French publisher by UK counter-terrorism police condemned

Éditions la Fabrique says foreign rights manager Ernest Moret was held for several hours and asked ‘disturbing questions’ about his political opinionsThe French publishing house whose employee was arrested on terror charges on his way to London book fair has said it is “chilling” that he was... Continue reading at The Guardian

[ The Guardian | 2023-04-20 11:27:44 UTC ]
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Can You Guess The Horror Book Based On Its 1-Star Reviews?

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The Future of Libraries Involves Affordable Housing

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[ ABC News | 2023-04-19 14:32:29 UTC ]
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