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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The group finance director at Random House Group, Mark Gardiner, has been appointed as Penguin... Continue reading at The Bookseller
[ The Bookseller | 2013-11-05 00:00:00 UTC ]
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Sheryl Sandberg helped Facebook post some insane numbers: after their IPO debacle of May 2012, shares have gone up 140% in the past year, to about $50. As Miguel Helft writes for Fortune, that's partly due to the company's reorganization around mobile, which critics once bashed them for being... Continue reading at Fast Company
[ Fast Company | 2013-11-04 00:00:00 UTC ]
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Edinburgh University Press has acquired the business and publishing assets of Dundee University... Continue reading at The Bookseller
[ The Bookseller | 2013-11-04 00:00:00 UTC ]
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Houghton Mifflin Harcourt announced this morning that it is moving forward with an Initial Public Offering through which it could raise up to $292 million. Continue reading at Publishers Weekly
[ Publishers Weekly | 2013-11-01 00:00:00 UTC ]
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Chegg, which offers textbooks for rent and other online services to college students, is looking to raise $172.5 million in its Initial Public Offering. Continue reading at Publishers Weekly
[ Publishers Weekly | 2013-11-01 00:00:00 UTC ]
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#online services
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For the UK celebration, fewer books will be given to volunteers to distribute, but they will be freer give away other titles instead. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2013-11-01 00:00:00 UTC ]
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London (CNN) -- UK newspaper and magazine publishers lost a High Court bid Wednesday to block the progress of a government-backed royal charter on press regulation. The royal charter, which has cross-party backing, was due to go before the Privy Co ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2013-10-31 00:00:00 UTC ]
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Amazon Publishing will have a new leader when publisher Larry Kirshbaum leaves on Jan. 17 and is replaced by Daphne Durham. Durham will be based in Seattle — not the New York office. She has served as editor in chief and has already taken over responsibility for adult trade books and children’s... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2013-10-26 00:00:00 UTC ]
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Two years ago, Samir Patil surveyed his publishing floor in Mumbai, one of 10 he owned, and saw death. It was not for a lack of lively activity. His company, ACK Media, shipped roughly six million books, magazines and DVDs across India every month. I ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2013-10-24 00:00:00 UTC ]
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The London Book Fair has begun a consultation over the fair's future location following the... Continue reading at The Bookseller
[ The Bookseller | 2013-10-23 00:00:00 UTC ]
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UK sales for the Haynes Group fell by 6% year-on-year in the first quarter, according to an... Continue reading at The Bookseller
[ The Bookseller | 2013-10-18 00:00:00 UTC ]
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The future of epic fantasy will be explored on a PW Webcast set for 1 p.m. today. Continue reading at Publishers Weekly
[ Publishers Weekly | 2013-10-16 00:00:00 UTC ]
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Oxmoor House, MyRecipes.com, and Digimarc Discover has collaborated to created new interactive cookbooks that let cooks save recipes and automate shopping lists on smartphones. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2013-10-15 00:00:00 UTC ]
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It's 2050. Somehow we haven't joined the dinosaurs in extinction, succumbed to the Secret Society of Super Villains, or been raptured up to the clouds. And the robots are friendly, not evil. Futurologist and environmentalist Sir Jonathan Porritt's The World We Made: Alex McKay's Story from 2050,... Continue reading at Fast Company
[ Fast Company | 2013-10-11 00:00:00 UTC ]
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Merit trumped politics this year when modest, retiring, universally admired Canadian author Alice Munro received the Nobel Prize in Literature. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2013-10-11 00:00:00 UTC ]
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Sainsbury’s, Tesco’s and Blackwell’s new ebook divisions will make their first... Continue reading at The Bookseller
[ The Bookseller | 2013-10-09 00:00:00 UTC ]
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News UK (formerly News International) installed a new KODAK PROSPER S30 Imprinting System, bringing the total to 22 PROSPER S30s installed by the British newspaper publisher, a wholly owned subsidiary of News Corp. The current publisher ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2013-10-09 00:00:00 UTC ]
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Just two weeks after announcing a $50 million dollar round of funding, mobile news reader Flipboard revealed growth numbers that may explain investors' eagerness to get behind it.The company now claims 90 million users, a jump from the 85 million Flipboard CEO Mike McCue confirmed early last... Continue reading at Advertising Age
[ Advertising Age | 2013-10-08 00:00:00 UTC ]
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'12 Years a Slave,' which screened at the Toronto Film Festival, is already being discussed as an Oscar Best Picture frontrunner. The movie arrives in theaters Oct. 18. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2013-10-02 00:00:00 UTC ]
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Bookworms in the UK tired of smuggling flashlights to bed might want to take another look at the Nook Simple Touch with Glowlight. After all, you can get one for £49 now that Barnes & Noble has slashed £20 off its retail price -- that's far, far lower than the amount people had to pay at... Continue reading at Engadget
[ Engadget | 2013-09-25 00:00:00 UTC ]
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