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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My Job In 5: David Cox, digital products director, Taylor & Francis

Describe your role I lead the global digital products team across books and journals at Taylor & Francis. The work of the team ranges from delivering the extensive roadmap for our journals platform, which contains millions of articles, through to managing the relaunch of our video-based... Continue reading at The Bookseller

[ The Bookseller | 2015-11-14 00:00:00 UTC ]
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BiblioBoard, Pressbooks partner on library-based self-publishing

US library digital patron-services provider BiblioBoard and Canadian online book-production specialist Pressbooks are forming a new partnership called Pressbooks Public, designed to let libraries offer e-book-publishing services to their local authors. Continue reading at The Bookseller

[ The Bookseller | 2015-11-14 00:00:00 UTC ]
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A Spike in Faith-Based Books On Mothering

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[ Publishers Weekly | 2015-11-11 00:00:00 UTC ]
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Data Encryption, Cryptography are Keys to the Future of the Book

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[ Publishing Perspectives | 2015-11-10 00:00:00 UTC ]
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Quadrille acquires tasty TV tie-in by James Martin

Quadrille is publishing a new James Martin TV tie-in, titled More Home Comforts. Continue reading at The Bookseller

[ The Bookseller | 2015-11-07 00:00:00 UTC ]
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Authors on the Air November 5, 2015: Hector Tobar

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SWNS moves into London by acquiring yet another news agency

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[ The Guardian | 2015-11-05 00:00:00 UTC ]
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Authors on the Air November 5, 2015: Kay Wills Wyma

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PRH acquires Livia's Kitchen in sweet deal

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Tribune Offers $3 Million to Fund Freedom Bankruptcy Case

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[ Editor & Publisher | 2015-11-04 00:00:00 UTC ]
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[ The Bookseller | 2015-10-31 00:00:00 UTC ]
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Random House Acquires First Book By Pope Francis

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[ Publishers Weekly | 2015-10-30 00:00:00 UTC ]
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Richell prize: Sally Abbott's vision of a future Australia wins literary award

The PR director from regional Victoria beat 975 writers to the $10,000 prize and a year’s mentorship to develop her manuscript to publicationAustralia’s newest literary award, the Richell prize for emerging writers, has been won by Sally Abbott for her manuscript, Closing Down.Abbott, a public... Continue reading at The Guardian

[ The Guardian | 2015-10-29 00:00:00 UTC ]
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My Job in 5: Keara Donnachie, Marketing and publicity, Sandstone Press

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Behind closed doors at DPSE: Publishers’ 5 biggest headaches

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