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 Andrew W. Mellon Foundation has provided $3.5 million to support the establishment of the Literary Arts Emergency Fund, which will support nonprofit literary publishers and organizations with $5,000-$50,000 emergency grants. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-07-17 04:00:00 UTC ]
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Bonnier Books UK is releasing 500 Words: Black Lives Matter, a book featuring short stories children have submitted to a Chris Evans-devised Virgin Radio competition this month. Continue reading at The Bookseller
[ The Bookseller | 2020-07-16 10:43:26 UTC ]
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Weidenfeld & Nicolson has commissioned historian, author and podcaster Greg Jenner to write a book "answering the funniest, most unique and curious questions" he has been asked by members of the public. Continue reading at The Bookseller
[ The Bookseller | 2020-07-16 01:48:29 UTC ]
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Martin Sorrell's S4 Capital proposed a new share offering today in hopes of raising $126 million (or 100 million euros) to further its expansion through mergers and acquisitions. The disclosure was made as part of S4 Capital's latest trading update where the company, which houses digital media... Continue reading at AdWeek
[ AdWeek | 2020-07-15 20:58:21 UTC ]
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Limited promotion and marketing budgets reinforce false ideas about how well diverse books and writers will sell. This leads to a negative cycle for black, Asian and minority ethnic writers. Continue reading at The Conversation
[ The Conversation | 2020-07-15 09:57:53 UTC ]
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Appledore Book Festival is to go ahead with its annual fixture this autumn, reinventing itself as the UK's first drive-in literary festival. Continue reading at The Bookseller
[ The Bookseller | 2020-07-14 00:18:18 UTC ]
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An ongoing pause on large-scale gatherings in the U.S. during the second quarter of 2020, unsurprisingly, also led to a near-total shutdown of M&A activity in the conference and trade show space. At the onset of Q3, however, the Machine Learning Conference—an eight-year-old events series... Continue reading at Folio Magazine
[ Folio Magazine | 2020-07-13 16:41:14 UTC ]
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Penguin Random House UK and DK have joined with Bertelsmann stablemates Fremantle and BMG to launch a joint podcast business, called Storyglass, as part of the Bertelsmann Content Alliance UK. Continue reading at The Bookseller
[ The Bookseller | 2020-07-13 15:51:02 UTC ]
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Stand fees will be reduced by up to 50 percent and digital development will be supported by funds from Germany's 'Neustart Kultur' stimulus package. The post Frankfurter Buchmesse Announces €4 Million German Federal Grant appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-07-10 11:29:18 UTC ]
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Richard Charkin and Emilie Marneur have joined the Bonnier Books UK board as non-executive directors. Continue reading at The Bookseller
[ The Bookseller | 2020-07-08 18:19:11 UTC ]
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New York-based Veritas Equity and Leeds Equity Partners consolidated multiple large education technology firms to form Anthology, based in Boca Raton. The company made it official this week after the private equity companies acquired Boca Ration-based Campus Management; Campus Labs in Buffalo,... Continue reading at Silicon Valley Business Journal
[ Silicon Valley Business Journal | 2020-07-07 18:29:21 UTC ]
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Every digital publisher worth their salt has some form of video on their websites. They may be using existing content, or they could be leaning into user generated content, but the transition from text to video that began a decade back has had a major effect on the entire publisher workforce,... Continue reading at Digiday
[ Digiday | 2020-07-07 02:05:37 UTC ]
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A report commissioned by the Publishers Association says that during the COVID-19 lockdown, UK children listened to audiobooks, arguing to end their VAT. The post UK’s National Literary Trust Research Finds Benefits of Audiobooks for Kids appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2020-07-06 15:29:18 UTC ]
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Bloomsbury editor-in-chief Paul Baggaley has acquired an "extraordinarily prescient" debut novel by Sequoia Nagamatsu, How High We Go in the Dark. Continue reading at The Bookseller
[ The Bookseller | 2020-07-06 10:17:28 UTC ]
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Need some cheering up and an out-of-this-world story? Pick up some of the funniest science fiction books this side of the galaxy. Continue reading at Book Riot
[ Book Riot | 2020-06-30 10:34:22 UTC ]
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Ulverscroft has acquired the large print, audio and download rights to Captain Tom Moore’s autobiography, Tomorrow Will Be a Good Day. Continue reading at The Bookseller
[ The Bookseller | 2020-06-29 23:00:42 UTC ]
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Yellow Kite will publish The Book of Yoga Self-Practice by Rebecca Anderton-Davies. Continue reading at The Bookseller
[ The Bookseller | 2020-06-28 15:19:11 UTC ]
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HQ has acquired a memoir by the co-founder of the Women’s Equality Party Catherine Mayer and her mother Anne Mayer Bird, written after they were both widowed within weeks of each other just before the Covid-19 lockdown. Continue reading at The Bookseller
[ The Bookseller | 2020-06-28 14:16:03 UTC ]
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Faber is to publish Access all Areas: The Diversity Manifesto for TV and Beyond by Lenny Henry and Marus Ryder next year. Continue reading at The Bookseller
[ The Bookseller | 2020-06-26 04:39:15 UTC ]
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Hachette Children's Group will publish Ghostcloud, a middle-grade adventure by debut author Michael Mann. Continue reading at The Bookseller
[ The Bookseller | 2020-06-24 18:20:27 UTC ]
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