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'


Juno Dawson’s 'Meat Market' acquired by TV production company

Unstoppable Film & Television has acquired the production rights to Juno Dawson’s upcoming YA novel Meat Market (Quercus Children’s Books), about a 16-year-old girl who is catapulted from her South London council estate to the international world of fashion. Continue reading at The Bookseller

[ The Bookseller | 2018-10-23 00:00:00 UTC ]
More news stories like this | News stories tagged with: #juno dawson #meat market #upcoming ya


47North scoops Charnock's near-future novel

Amazon Publishing’s science fiction and fantasy imprint 47North has signed the recent winner of the Arthur C Clarke Award, Anne Charnock, for a further novel, set in the “disturbing near-future”. Continue reading at The Bookseller

[ The Bookseller | 2018-10-23 00:00:00 UTC ]
More news stories like this | News stories tagged with: #amazon publishing #science fiction #recent winner


Holly Tonks joins Simon & Schuster Children’s UK

Simon & Schuster Children’s has appointed Holly Tonks, mostly recently commissioning editor at Tate Publishing, as senior commissioning editor of picture books and novelties. Continue reading at The Bookseller

[ The Bookseller | 2018-10-19 00:00:00 UTC ]
More news stories like this | News stories tagged with: #tate publishing #picture books


A historic Ferrari is going on the auction block. It could sell for $26 million

Ferrari fever burns on. Four months after a 1962 Ferrari 250 GTO sold for $48 million at an RM Sotheby’s auction in Monterey — the highest price ever paid for a car at auction — a race car from the Ferrari history books may set a new Southern California high-water mark. On Dec. 8, a rare 1956... Continue reading at Los Angeles Times

[ Los Angeles Times | 2018-10-19 00:00:00 UTC ]
More news stories like this |


LadBible moves closer to acquiring fellow viral publisher Unilad

Administrator for collapsed firm has been informing rival bidders they are out of runningLadBible has moved closer to taking control of rival Unilad after administrators handling the fire sale of the collapsed viral Facebook publisher informed several bidders they were out of the... Continue reading at The Guardian

[ The Guardian | 2018-10-12 00:00:00 UTC ]
More news stories like this | News stories tagged with: #taking control #fire sale


The Number of Self-Published Titles Cracked 1 Million in 2017

A big gain in the number of self-published print ISBNs issued in 2017 offset a drop in the number of ISBNs issued for ebooks by self-published authors. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-10-10 00:00:00 UTC ]
More news stories like this | News stories tagged with: #big gain #isbns issued #self-published authors


Frankfurt Book Fair 2018: Macmillan's Sargent Not Afraid of the Future

John Sargent, CEO of Macmillan, gave this year’s Frankfurt CEO Talk, discussing everything from the future of print books to his battle with the White House over the publication of 'Fire and Fury.' Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-10-10 00:00:00 UTC ]
More news stories like this | News stories tagged with: #john sargent #print books #white house


CBA Changes Raise Questions, Concerns for the Future

Christian retailers and publishers are concerned about the future of the CBA and it’s annual trade show, UNITE, amid a new investor and changes to its leadership. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-10-10 00:00:00 UTC ]
More news stories like this | News stories tagged with: #raise questions


S&S UK records 'very strong' 2017

Simon & Schuster UK saw profit before tax boom by more than half last year, in what UK c.e.o. Ian Chapman described as a "very, very strong year" for the company. Continue reading at The Bookseller

[ The Bookseller | 2018-10-10 00:00:00 UTC ]
More news stories like this | News stories tagged with: #strong year #tax boom #ian chapman


The American Jewish Future May Be Found in the Margins

Author Jack Wertheimer examined how American Jews practice their religion and is heartened by how quickly mainstream congregations are adapting to new ways of worship. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-10-10 00:00:00 UTC ]
More news stories like this |


Penguin Random House Opening Southeast Asian Operation Based in Singapore

What CEO Markus Dohle calls 'a natural extension and complement' to PRH's work in Southeast Asia, the new company will have a 50-title output at the start. The post Penguin Random House Opening Southeast Asian Operation Based in Singapore appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2018-10-08 00:00:00 UTC ]
More news stories like this | News stories tagged with: #singapore appeared #natural extension #southeast asia


Chatto acquires Sadie Jones's first contemporary novel, 'The Snakes'

Chatto & Windus has signed an "unflinching" new novel from Sadie Jones called The Snakes, telling the story of a marriage and a family whose sins come back to bite them.  Publishing director Clara Farmer, who dubbed it a pacy novel of "tight plot turns and urgent moral questioning",... Continue reading at The Bookseller

[ The Bookseller | 2018-10-08 00:00:00 UTC ]
More news stories like this | News stories tagged with: #chatto windus


The Week in Libraries: October 5, 2018

Among the week's headlines: Libraries get good news on funding; a controversial copyright bill resurfaces; and why the net neutrality battle is about to get much bigger. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-10-05 00:00:00 UTC ]
More news stories like this |


‘WomenList’ from Paris-Based International Alliance of Independent Publishers

As politics and publishing collide this year, the International Alliance of Independent Publishers' is organizing a WomenList exhibition of 30 titles on feminism and women. The post ‘WomenList’ from Paris-Based International Alliance of Independent Publishers appeared first on Publishing... Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2018-10-05 00:00:00 UTC ]
More news stories like this | News stories tagged with: #independent publishers #international alliance


Amazon boosts its minimum wage in UK and US

Amazon has increased its minimum wage to £10.50 in the London area and £9.50 for the rest of the UK, whilst also raising all US wages. Continue reading at The Bookseller

[ The Bookseller | 2018-10-04 00:00:00 UTC ]
More news stories like this | News stories tagged with: #minimum wage


Facebook says 50 million user accounts have been affected by a security breach

Nearly 50 million Facebook accounts have been affected by a security breach that enabled hackers to take over users’ accounts, the social media giant announced Friday. The new breach comes as Facebook strives to convince its more than 2 billion users that it can be trusted. It is grappling with... Continue reading at Los Angeles Times

[ Los Angeles Times | 2018-09-29 00:00:00 UTC ]
More news stories like this | News stories tagged with: #security breach


Second Josie Silver novel acquired by Viking

Viking has acquired a second novel by Josie Silver, whose debut One Day in December is currently a number one Kindle bestseller. Continue reading at The Bookseller

[ The Bookseller | 2018-09-29 00:00:00 UTC ]
More news stories like this |


Industry Notes: Marrakesh Treaty; Bologna Carle Award; Kids’ Black Detectives in the UK

The United States is ready for implementation of the Marrakesh Treaty, pending a presidential signature. Meanwhile, Bologna gets an award and Knights Of gets a new book series. By Porter Anderson, Editor-in-Chief | @Porter_Anderson 40 Nations Have Ratified and Implemented Marrakesh he... Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2018-09-28 00:00:00 UTC ]
More news stories like this | News stories tagged with: #marrakesh treaty #book series #porter anderson #american publishers


National Book Foundation Announces 2018 ‘5 Under 35’ Honorees

The National Book Foundation cycle of award announcements includes this year's group of '5 Under 35' emerging literary talents, 'whose debut titles provide a first look at their exceptional talent as fiction writers,' according to David Steinberger. The post National Book Foundation Announces... Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2018-09-25 00:00:00 UTC ]
More news stories like this | News stories tagged with: #exceptional talent #fiction writers #david steinberger


Why yet more books about Nazis and the future make my heart sink | Sam Leith

Publishing micro-genres often reflect the fashions and anxieties of the age – bad news for us literary editorsOne day last week, after I spent the best part of an hour opening two days’ worth of post at my office – I work as literary editor of the Spectator – I posted a peevish tweet: “Can we... Continue reading at The Guardian

[ The Guardian | 2018-09-24 00:00:00 UTC ]
More news stories like this | News stories tagged with: #nonfiction books #stop publishing #bad news #literary editor