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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Publishers have reported buoyant trading on the international stage ahead of this year’s Frankfurt Book Fair, though many are unsettled by the political backdrop, with the UK government sparring with the European Union to avoid a “no-deal” Brexit come March 2019. Continue reading at The Bookseller
[ The Bookseller | 2018-09-21 00:00:00 UTC ]
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Oxford University Press (OUP) is offering primary and secondary schools in the UK free access to the online Oxford English Dictionary to mark the company’s 90th anniversary. Continue reading at The Bookseller
[ The Bookseller | 2018-09-20 00:00:00 UTC ]
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Four jobs have gone in the UK as part of the recent round of job cuts revealed with the company's half-year results yesterday, a Quarto spokesperson has confirmed. Continue reading at The Bookseller
[ The Bookseller | 2018-09-19 00:00:00 UTC ]
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Eye Books imprint Lightning Books has acquired The Beat of the Pendulum by New Zealand author Catherine Chidgey. Continue reading at The Bookseller
[ The Bookseller | 2018-09-19 00:00:00 UTC ]
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Japanese author Haruki Murakami has said said he doesn't want to be considered for the New Academy Prize, a Swedish literary award established as an alternative to the Nobel Prize for literature. Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-09-18 00:00:00 UTC ]
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After months of searching, Meredith Corporation has finally found a proper suitor for Time magazine. On Sunday, September 16, the company announced it has sold the legacy brand it acquired in January this year for $190 million in cash to Marc and Lynne Benioff. Marc Benioff is the founder,... Continue reading at Folio Magazine
[ Folio Magazine | 2018-09-17 00:00:00 UTC ]
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Founded in 2012 by veterans of the entertainment business, Adaptive Studios is an unusual business venture originally focused on repurposing moribund or abandoned movie scripts into new content for different media, including books, movies, and TV shows. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-14 00:00:00 UTC ]
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The Canadian digital platform is using machine learning to discover what readers want. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-14 00:00:00 UTC ]
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Unit sales of print books rose 5% in the week ended Sept. 9, 2018, over the comparable week in 2017, at outlets that report to NPD BookScan. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-14 00:00:00 UTC ]
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Simon & Schuster UK is to publish actor Christopher Eccleston’s memoir, charting his own acting career plus the impact on him and his family of his late father’s struggle with dementia. Continue reading at The Bookseller
[ The Bookseller | 2018-09-12 00:00:00 UTC ]
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Six new books by and about Pope Francis collect the pontiff’s teachings as Catholics seek guidance on issues related to the environment, politics, diversity, and the Church itself. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-12 00:00:00 UTC ]
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Dame Kelly Holmes has joined The Book Fairies in dropping 200 copies of Philip Pullman’s La Belle Sauvage in public places all around the UK, to mark the publication of its paperback edition. Continue reading at The Bookseller
[ The Bookseller | 2018-09-07 00:00:00 UTC ]
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As a nonprofit, Restless Books has become a haven for international literature and an advocate for immigrant writers. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-07 00:00:00 UTC ]
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Digital content provider VitalSource Technologies has acquired the assets of learning and data analytics platform Acrobatiq, Inc. Continue reading at The Bookseller
[ The Bookseller | 2018-09-07 00:00:00 UTC ]
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Folio Literary Management, LLC, has acquired Harold Ober Associates, a full-service literary agency founded in 1929 that has represented some of the literary titans of the 20th century, including F. Scott Fitzgerald, William Faulkner, Agatha Christie and J.D. Salinger. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-06 00:00:00 UTC ]
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Bonnier Books UK has made three new executive promotions, including that of Kate Parkin, who been promoted to managing director of Adult Trade. Continue reading at The Bookseller
[ The Bookseller | 2018-09-06 00:00:00 UTC ]
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Talking, among other things, of developing an loyalty program for consumers based in blockchain tokens, a spokesman for Poland's Merlin.pl talks about its latest move to gain dominance in the market. The post Poland’s Online Bookseller Merlin.pl Acquires Profit M, Expanding Its Footprint in the... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-09-05 00:00:00 UTC ]
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IPG has aquired Midpoint Trade Books. The 22-year-old distributor of 230 small and indie publishers will have its inventory transferred to IPG’s Chicago warehouse in the first quarter of 2019. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-04 00:00:00 UTC ]
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Hodder has acquired a new book from thought leader and Rabbi Jonathan Sacks about the "outsourcing" of morality and what needs to be done to recover it. Continue reading at The Bookseller
[ The Bookseller | 2018-08-30 00:00:00 UTC ]
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Simon & Schuster UK will publish the debut novel from Fabulous assistant editor Claire Frost, about an Instagram star living a lie. Continue reading at The Bookseller
[ The Bookseller | 2018-08-30 00:00:00 UTC ]
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