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

Other Publishing stories related to: 'UK-Based Future Acquires Purch for $132.5 Million'

Hachette Livre, including Hachette UK staff, will not attend LBF

No staff members from Hachette Livre will be attending London Book Fair, the publisher has confirmed. Continue reading at The Bookseller

[ The Bookseller | 2020-03-03 09:43:47 UTC ]
More news stories like this | News stories tagged with: #staff members #hachette livre #hachette

Seattle Magazine Acquired By Local Entrepreneur

Seattle magazine is coming home. The 54 year-old monthly has been acquired by local entrepreneur Jonathan Sposato, co-founder and chairman of the tech site GeekWire.com and the online photo editing service PicMonkey, he announced Monday. Terms of the deal were not disclosed. The seller,... Continue reading at Folio Magazine

[ Folio Magazine | 2020-03-02 22:55:02 UTC ]
More news stories like this | News stories tagged with: #great ideas #changed hands #tiger oak #print side #magazine publisher

5 Trends Publishers Should Embrace This Year

One of my greatest lessons at Flipboard has been that no two publishers are the same. While our business discussions typically revolve around two key areas—growth and monetization—there are so many paths to achieving both. In my role as Flipboard’s head of paid content partnerships, I have... Continue reading at Folio Magazine

[ Folio Magazine | 2020-03-02 19:29:48 UTC ]
More news stories like this | News stories tagged with: #purchase intent #editorial guidelines #creative ways #organic growth #continued growth #major areas

Bill Bowder thriller goes to S&S UK amid translation rights frenzy and six-figure audio deal

Simon & Schuster UK has landed Bill Bowder's real-life thriller Freezing Order, which has also been at the centre of a flurry of translation deals and secured a six-figure audio deal. Continue reading at The Bookseller

[ The Bookseller | 2020-03-02 17:16:51 UTC ]
More news stories like this | News stories tagged with: #translation deals

AAP's future in doubt as Nine and News Corp reconsider investment

Australian Associated Press board to discuss future of wire service, which is 45% owned by News CorpNews agency Australian Associated Press, whose 180 journalists provide much of the nation’s daily news and photos, is facing an uncertain future as major shareholders Nine Entertainment and News... Continue reading at The Guardian

[ The Guardian | 2020-03-02 01:40:44 UTC ]
More news stories like this | News stories tagged with: #uncertain future #daily news #major shareholders #independent entity #media organisations #content produced #news corp

CA Freelance Writers “Encouraged” By Latest AB 5 Development

California Assemblywoman Lorena Gonzalez has revealed updates to a proposed amendment that, if passed, would clarify which writers can be considered independent contractors and which must be treated as full-time employees under state statute AB 5, which took effect on January 1. Revealed on... Continue reading at Folio Magazine

[ Folio Magazine | 2020-02-28 19:22:11 UTC ]
More news stories like this | News stories tagged with: #freelance writer #two-thirds majority #party lines #political theater

5 New Books Written By Women That Get Real About Mental Health

As the public conversations around mental health continue to grow, these new books about living with mental illness offer more insight. Continue reading at Book Riot

[ Book Riot | 2020-02-28 11:41:26 UTC ]
More news stories like this | News stories tagged with: #mental health #books written

Ruth Jones to embark on UK book tour this May with Fane

Ruth Jones will be embarking on a UK tour to celebrate the publication of her new novel Us Three in a collaboration between Fane and Transworld. The tour, combining a Fane-produced theatre tour with bookshop events organised by Transworld, will comprise seven dates across the UK. It begins at... Continue reading at The Bookseller

[ The Bookseller | 2020-02-28 11:07:04 UTC ]
More news stories like this | News stories tagged with: #uk tour #ruth jones #alexandra palace #bookshop #uk book

Hachette UK sales slip 1.4% in 2019

Hachette UK’s revenue fell 1.4% in 2019, parent company Lagardère has reported in its full-year results, after the publisher struggled to emulate the success of some major 2018 hits, including Michael Wolff’s Fire and Fury. Continue reading at The Bookseller

[ The Bookseller | 2020-02-27 17:07:59 UTC ]
More news stories like this | News stories tagged with: #hachette uk #full-year results #lagardère #hachette

The Library of the Future: New Ways To Think About Libraries

Taking a look at some of the world's most innovative libraries and library projects as a way of looking toward the future of these important institutions. Continue reading at Book Riot

[ Book Riot | 2020-02-26 11:38:35 UTC ]
More news stories like this | News stories tagged with: #libraries

Riverdale Avenue Books Acquires Circlet Press

Independent publisher Riverdale Avenue Books has acquired the assets of Circlet Press, an independent small press focused on science-fiction and fantasy works with sex-positive erotic themes. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-02-26 05:00:00 UTC ]
More news stories like this | News stories tagged with: #fantasy works #small press #independent publisher

Someone wrote a children’s book based on The Office and I will never let my child read it.

I do not understand why you would turn to The Office for anything other than its grimly comic tableaux of late-capitalist malaise and self-deluded mediocrity. Apparently I have missed its potential to teach 4- to 8-year-olds the “importance of teamwork” and “that it’s always OK to ask for help.”... Continue reading at Literrary Hub

[ Literrary Hub | 2020-02-25 21:39:17 UTC ]
More news stories like this | News stories tagged with: #book based #children’s book

5 Short Story Collections for Your Audiobook TBR

A roundup of audiobook short story collections, with a single narrator or a full cast, that give listeners an incredible audiobook experience. Continue reading at Book Riot

[ Book Riot | 2020-02-25 11:31:17 UTC ]
More news stories like this | News stories tagged with: #full cast #audiobook

BBC to film series based on Sally Rooney's hit debut novel

Conversations with Friends will follow Rooney’s Normal People that will air in April The BBC has commissioned a 12-part series based on Sally Rooney’s hit debut novel Conversations with Friends in the hope that fans of the young Irish author will bring in younger audiences.The BBC is to show its... Continue reading at The Guardian

[ The Guardian | 2020-02-25 10:19:05 UTC ]
More news stories like this | News stories tagged with: #hit debut #sally rooney #normal people #younger audiences #forthcoming adaptation #irish author #debut novel

Pearson Earned £65 Million In Profits from Its PRH Stake in 2019

Pearson’s 25% stake in Penguin Random House earned the company £65 million in operating profit in 2019. Pearson has sold its 25% share of PRH to Bertelsmann in a deal expected to generated net proceeds of $675 million when the transaction closes. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-02-21 05:00:00 UTC ]
More news stories like this | News stories tagged with: #bertelsmann #pearson #penguin random house

Global revenues dip at S&S but UK business sees 'turning point'

Simon & Schuster’s global revenues for 2019 fell 1% to $814m, with a 7% decline in operating income, parent firm ViacomCBS has said. Continue reading at The Bookseller

[ The Bookseller | 2020-02-20 22:25:14 UTC ]
More news stories like this | News stories tagged with: #turning point #simon schuster #global revenues #7% decline #operating income

This author wrote a book based on a Florence and the Machine album.

Have you ever listened to one of your favorite albums on repeat, gotten lost in the sweeping, cinematic feel of it, knew it so well that you began picturing it as a narrative, filled in the details missing from the music, and then realized the story you were telling was almost fully independent... Continue reading at Literrary Hub

[ Literrary Hub | 2020-02-20 20:20:20 UTC ]
More news stories like this | News stories tagged with: #author wrote #book based

Daniel Kehlmann’s ‘Tyll’ — a future Netflix series — follows a German jester navigating war-torn chaos

The novel is part of a wave of books about the tumultuous 17th and early 18th centuries. Continue reading at The Washington Post

[ The Washington Post | 2020-02-20 17:15:47 UTC ]
More news stories like this | News stories tagged with: #daniel kehlmann

The Passenger series of guides set to land in the UK after Europa translation deal

A stylish set of travel guides with eclectic content is set to find its way into UK travellers’ suitcases after Europa Editions struck a deal with Italian independent publisher Iperborea to translate the title Continue reading at The Bookseller

[ The Bookseller | 2020-02-20 12:35:09 UTC ]
More news stories like this | News stories tagged with: #travel guides