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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Super Bowl has 101 million TV viewers, up from 2021

The Nielsen company estimates that 101.1 million people watched the Los Angeles Rams win the Super Bowl on NBC and Telemundo Continue reading at ABC News

[ ABC News | 2022-02-15 21:42:02 UTC ]
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What a $6.5 million Super Bowl ad can buy in digital media

This year, a 30-second spot in the Big Game will run advertisers about $6.5 million. Here's what that can buy instead in digital media. The post What a $6.5 million Super Bowl ad can buy in digital media appeared first on Digiday. Continue reading at Digiday

[ Digiday | 2022-02-11 05:01:00 UTC ]
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The Huntington's Chinese Garden will host an opera based on Lisa See's bestselling book 'On Gold Mountain'

Launching this spring, the opera is based on See's book about her Chinese American family's immigrant experience in California. Continue reading at Los Angeles Times

[ Los Angeles Times | 2022-02-10 19:08:27 UTC ]
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Draft2Digital to Acquire Smashwords

In a deal that unites two of the largest independent distributors of self-published books, Draft2Digital has agreed to acquire Smashwords for an undisclosed price. The purchase is expected to be complete by March 1, at which time the combined company will operate under the Draft2Digital name. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-02-08 05:00:00 UTC ]
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A $320 Million Crypto Hack Sends the DeFi World Reeling

Plus: News Corp gets hacked, UK snacks ransomware, and more of the week's top security news. Continue reading at Wired

[ Wired | 2022-02-05 14:00:00 UTC ]
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UK film and TV industry bounces back from Covid with record £5.6bn spend

Annual investment doubles as production industry races to replenish libraries depleted by the pandemicThe UK film and TV industry has bounced back spectacularly from the pandemic with a record £5.6bn spent making blockbusters such as Mission: Impossible 7 and big-budget dramas including... Continue reading at The Guardian

[ The Guardian | 2022-02-04 13:52:58 UTC ]
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Good Vibes for King as Hay House sales top one million

Vex King's personal development book Good Vibes, Good Life has now sold one million copies globally, according to publisher Hay House, alongside clocking up 100 weeks on the Sunday Times non-fiction paperback bestsellers list. Continue reading at The Bookseller

[ The Bookseller | 2022-02-01 07:43:37 UTC ]
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McCauley joins Hachette UK in new media development role

Fern McCauley has moved from The Artists Partnership to Hachette UK in the newly created role of head of media development, where she will be responsible for handling all book-to-film and TV rights deals for the business.   Continue reading at The Bookseller

[ The Bookseller | 2022-02-01 05:31:21 UTC ]
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This unique bookstore and ranch needs a new owner (with $1.52 million to spare).

I have a terrible habit of going on the internet and looking at properties I can’t afford. (A hobby many of my fellow millennials share, I’m sure.) From my cramped Brooklyn apartment with pots of spaghetti piled haphazardly in the kitchen, I like to criticize the design choices of millionaires... Continue reading at Literrary Hub

[ Literrary Hub | 2022-01-28 19:45:49 UTC ]
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From the Archive: February 5, 1921

This week we’ve got a 1921 cover advertisement from Alfred A. Knopf, thanking the industry for its support of his then-new Borzoi Books. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-01-28 05:00:00 UTC ]
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Based in Spain, Desperate Literature Opens Its 2022 Prize Program

The 2022 edition of the Madrid-based Desperate Literature Prize for Short Fiction offers a long-form manuscript consultation and more. The post Based in Spain, Desperate Literature Opens Its 2022 Prize Program appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2022-01-26 14:38:51 UTC ]
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‘Let us eat cake’: how UK newspapers reacted to latest No 10 party claims

Daily Mail remains a Boris Johnson backer but same cannot be said of its sister outletA full list of alleged partiesWhat were the rules in June 2020?Coronavirus – latest global updatesThe print edition of the Daily Mail has remained one of Boris Johnson’s strongest backers in the media, even as... Continue reading at The Guardian

[ The Guardian | 2022-01-25 18:46:31 UTC ]
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Germany’s Zebralution Backs a New IPG Audio Award in the UK

The first audio award in the Independent Publishers Awards program in the UK is backed by digital media distributor Zebralution. The post Germany’s Zebralution Backs a New IPG Audio Award in the UK appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2022-01-25 14:16:22 UTC ]
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The UK’s Sunday Times Young Writer Award Names Its 2021 Shortlist

The shortlist for the 2021 Sunday Times Charlotte Aitken Trust award includes poetry, nonfiction, and three novels. The post The UK’s Sunday Times Young Writer Award Names Its 2021 Shortlist appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2022-01-25 12:58:34 UTC ]
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Kidd made diversity and inclusion manager in Hachette UK HR team expansion

Hachette UK is boosting its HR team with Kim Kidd (pictured) from the British Council joining as diversity and inclusion manager. Continue reading at The Bookseller

[ The Bookseller | 2022-01-20 02:58:38 UTC ]
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Abu Dhabi Arabic Language Centre and Zayed Award Enter a UK Translation Partnership

The new partnership highlights the Sheikh Zayed Book Award's translation prize and funding and supports the UK's National Centre's work. The post Abu Dhabi Arabic Language Centre and Zayed Award Enter a UK Translation Partnership appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2022-01-20 02:10:35 UTC ]
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Literati Acquires Follett Book Fairs

Literati, the Austin, Tex., subscription book box and online book club company, has purchased Follett Book Fairs. The fairs will be rebranded Literati Book Fairs and will continue to service PreK-8 schools around the country starting this spring. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-01-19 05:00:00 UTC ]
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In London, Hachette UK Announces Its Acquisition of Paperblanks

Hachette UK has acquired the Canadian- and Irish-based stationery company Paperblanks, with Graham Conway to be its CEO. The post In London, Hachette UK Announces Its Acquisition of Paperblanks appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2022-01-19 01:49:07 UTC ]
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Hachette UK buys premium notebook and diary publisher Paperblanks

Hachette UK has bought Paperblanks, described as the world’s second largest publisher of premium notebooks, journals and diaries, as part of its strategy to expand its portfolio of adjunct businesses. Continue reading at The Bookseller

[ The Bookseller | 2022-01-18 09:38:10 UTC ]
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Government delays decision on UK copyright regime changes

The government has decided not to change copyright exhaustion laws for the time being following a consultation which led to a campaign by the industry. Continue reading at The Bookseller

[ The Bookseller | 2022-01-18 03:06:52 UTC ]
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