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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Amazon will pay some authors based on how many pages you read

Authors are normally paid a consistent amount for every ebook you download, no matter how much of a page-turner it is. Amazon might just shake up that model before long, though. As of July 1st, the internet giant will pay Kindle Unlimited and Kindle... Continue reading at Engadget

[ Engadget | 2015-06-22 00:00:00 UTC ]
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Walker acquires teen title by Luurtsema

Walker Books has acquired the debut teen novel by comedian and screenwriter Nat Luurtsema. Goldfish is a comedy about Lou Brown, a swimmer who fails an Olympic time-trial and decides to give up the sport completely. She tries to find her new ‘thing’ and enters a world of underwater somersaults,... Continue reading at The Bookseller

[ The Bookseller | 2015-06-20 00:00:00 UTC ]
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Newsonomics: Could a Small Google Tech Change Mean Tens of Millions to News Publishers?

The late April news was impressive and divisive: Google would spend €150 million on a new Digital News Initiative (DNI) partnership with European news publishers (“Google to launch $150 million partnership with publishers&rdquo ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2015-06-19 00:00:00 UTC ]
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PRH to publish colouring books based on classic novels

Penguin Random House (PRH) Children’s will this autumn release a series of colouring books for a crossover audience based on classic novels. Continue reading at The Bookseller

[ The Bookseller | 2015-06-19 00:00:00 UTC ]
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Rosen Publishing Acquires Jackdaw Publications

Rosen Publishing will move the editorial and production operations of Jackdaw Publications to New York City where it will operate as an autonomous imprint. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-06-19 00:00:00 UTC ]
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Report: Tim Duncan claims he lost $20 million to financial advisor

Tim Duncan claims he lost more than $20 million to a dishonest financial advisor, according to a report in Bloomberg Business. Continue reading at Los Angeles Times

[ Los Angeles Times | 2015-06-18 00:00:00 UTC ]
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For TV shows based on books or comics, fans are a mixed blessing

During a recent talk show chat, "Game of Thrones" actress Maisie Williams revealed she had listened to fans' online opinions when crafting her scrappy Arya Stark character, originally written as a left-handed swordswoman in George R.R. Martin's book series. "The fans are so die-hard; they're... Continue reading at Los Angeles Times

[ Los Angeles Times | 2015-06-18 00:00:00 UTC ]
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Hachette UK buys Nicholas Brealey

Business and personal development publisher Nicholas Brealey Publishing has been bought by Hachette UK, with the business becoming an imprint within John Murray Publishing. The deal will see founder Nick Brealey continue to manage the lists, reporting into John Murray Press m.d. Nick Davies,... Continue reading at The Bookseller

[ The Bookseller | 2015-06-17 00:00:00 UTC ]
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Hachette UK Buys Nicholas Brealey Publishing

Hachette UK has acquired Nicholas Brealey Publishing in a deal that includes the company’s U.S. imprints Davies L. Black and Intercultural Press. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-06-16 00:00:00 UTC ]
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Restructure for S&S UK sales

Simon & Schuster UK has changed the structure of its sales team, merging its adult and children's teams. The sales structure will now be split into two divisions, with one focusing on bookshop, online and digital sales, and the other targeting mass market and special sales. As part of the... Continue reading at The Bookseller

[ The Bookseller | 2015-06-16 00:00:00 UTC ]
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Leap in sales and profit at Egmont UK

Egmont Book Publishing has reported soaring sales and profits at Egmont UK, thanks partly to the success of Minecraft. Continue reading at The Bookseller

[ The Bookseller | 2015-06-16 00:00:00 UTC ]
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Simon & Schuster UK Reorganizes Sales

Simon & Schuster UK has announced a new sales structure, bringing together the adult and children's teams while creating two divisions organized by channels. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-06-16 00:00:00 UTC ]
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Foyle’s “Bookstore of the Future” Celebrates First Birthday

If Foyle's London Bookstore of the Future failed, it would signal the end, but one year on the store is thriving, with week on week sales hikes of 5-20% . The post Foyle’s “Bookstore of the Future” Celebrates First Birthday appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2015-06-12 00:00:00 UTC ]
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UK trade welcomes Amazon probe

The trade has welcomed the European Commission’s investigation into Amazon’s ebook business, with publishers, agents and booksellers calling for a fairer digital marketplace for books.  Richard Mollet, c.e.o of The Publishers Association, added: “For some time now we have been calling on... Continue reading at The Bookseller

[ The Bookseller | 2015-06-12 00:00:00 UTC ]
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Oetinger34, Community-Based Publishing Platform, To Release First Titles

This July, the first titles will appear from Oetinger34, a creative platform for authors, illustrators and readers launched by German publisher Oetinger in 2014. The post Oetinger34, Community-Based Publishing Platform, To Release First Titles appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2015-06-11 00:00:00 UTC ]
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Philip K Dick's only novel for children to be reissued in UK

A boy leaves Earth to rescue a cat in a short novel from ‘the Shakespeare of science fiction’ which has been unavailable in the UK for more than 20 yearsA boy and his family leave Earth on a “gentle” quest to save his cat, Horace – not the kind of manuscript you might expect from the... Continue reading at The Guardian

[ The Guardian | 2015-06-11 00:00:00 UTC ]
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Foyles' Birmingham store will be 'model for future'

Foyles new c.e.o Paul Currie has said  the company’s new Birmingham store will be its “model of the future.” Speaking at former c.e.o Sam Husain’s retirement party last night (8th June), which also celebrated the first anniversary of the new Foyles flagship store on Charing Cross Road, Currie... Continue reading at The Bookseller

[ The Bookseller | 2015-06-10 00:00:00 UTC ]
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S&S acquires 'captivating' Swedish novel

Scribner in the UK and Atria Books in the US, both part of the Simon & Schuster group, have acquired a new book by Swedish novelist and playwright, Jonas Hassen Khemiri. World English Language rights in the novel, titled Everything I Don’t Remember, were acquired by Rowan Cope, editorial... Continue reading at The Bookseller

[ The Bookseller | 2015-06-10 00:00:00 UTC ]
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Can mobile save the world from a dystopian ad future?

Google’s buy button and other mobile tech can allow advertisers to leave behind the “spray and pray” approach of days gone byLike many children of the 1970s, I spent many hours immersed in the futuristic visions of the comic book 2000AD, whose Judge Dredd stories were compellingly dystopian. One... Continue reading at The Guardian

[ The Guardian | 2015-06-10 00:00:00 UTC ]
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5 Things Editors and Publishers Can Do to Survive Digital Disruption

About a year ago, I stopped referring to Bon Appétit as a magazine and started calling it a brand. Six months later I even dropped the air quotes. Not that it was easy. If you attended journalism school or worked for your college daily, you were reared on the separation of church and state.... Continue reading at AdWeek

[ AdWeek | 2015-06-08 00:00:00 UTC ]
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