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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This Week's Bestsellers: June 5, 2017

‘Crazy Rich Asians’ author Kevin Kwan rounds out his trilogy with ‘Rich People Problems,’ debuting at #13 on our Hardcover Fiction list. Plus Cassandra Clare has the #3 book in the country with ‘Lord of Shadows,’ second in her Dark Artifices series, and Michael Crichton returns to our lists with... Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-06-02 00:00:00 UTC ]
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5 Writing Tips: Jeff VanderMeer

"But at some point, no matter how good your partial or rough draft is, you may also have to methodically test your novel—in all ways, from the structure down to the paragraph level." Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-06-02 00:00:00 UTC ]
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PW Picks: Books of the Week, June 5, 2017

This week: Anthony Horowitz's brilliant Agatha Christie–like mystery, plus an investigation into the Donner Party. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-06-02 00:00:00 UTC ]
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Book Deals: Week of June 5, 2017

Katherine Arden sells her middle grade debut, Minotaur buys a new historical mystery series by Brit Jessica Fellowes, and more in this week's notable book deals. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-06-02 00:00:00 UTC ]
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The Handmaid's Tale tops book charts after TV series UK debut

Margaret Atwood’s 1985 novel rockets to number one on Amazon after Channel 4 begins airing series starring Elisabeth MossThe Handmaid’s Tale, the 1985 novel by Margaret Atwood envisaging a hellish dystopia where the US is ruled by an ultra-far-right regime that treats women as chattels, has... Continue reading at The Guardian

[ The Guardian | 2017-05-29 00:00:00 UTC ]
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Arcadia and History Press Acquire Palmetto, Launch Vertel

Arcadia Publishing and The History Press, publishers of books on local and regional history and interests, have acquired Palmetto Publishing Group and launched a new "hybrid" imprint, Vertel. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-05-26 00:00:00 UTC ]
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Banned Books Week coming to the UK this year

Freedom of expression organisation Index on Censorship has joined the Banned Books Week Coalition as the first international member of the US-based alliance. Continue reading at The Bookseller

[ The Bookseller | 2017-05-25 00:00:00 UTC ]
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Horowitz's UK publisher says it did not warn author off creating black character

Anthony Horowitz children's publisher at Walker has said it would not instruct authors on whether or not to include characters of a different race or background in their books. Continue reading at The Bookseller

[ The Bookseller | 2017-05-23 00:00:00 UTC ]
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The 5 Books On Bill Gates’s Summer Reading List–From Jimmy Carter To Trevor Noah

If you are worried your beach reads might be a little too easy this summer, Gates has some more heady suggestions for you. As one of the world’s top philanthropists, perhaps it makes sense that Bill Gates is treating beach reading like an intellectual cause: Each year, he offers up his list of... Continue reading at Fast Company

[ Fast Company | 2017-05-22 00:00:00 UTC ]
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HQ acquires 'addictive' frenemy debut

HQ publishing director Kate Mills has bought UK and Commonwealth rights in US debut novel It’s Always the Husband by Michele Campbell. Continue reading at The Bookseller

[ The Bookseller | 2017-05-20 00:00:00 UTC ]
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Hely Hutchinson to retire, Shelley to take Hachette UK c.e.o. role

Tim Hely Hutchinson is retiring as c.e.o. of Hachette UK at the end of this year, with David Shelley, currently c.e.o. of Little, Brown Book Group and Orion, set to take on the Hachette c.e.o. role. Continue reading at The Bookseller

[ The Bookseller | 2017-05-19 00:00:00 UTC ]
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Lydia Cacho and Anabel Hernández – two of Mexico’s bravest journalists in the UK to talk about the risks of speaking truth to power

Bill Swainson on two Mexican journalists who are relentless in their pursuit of the truth. Continue reading at The Bookseller

[ The Bookseller | 2017-05-18 00:00:00 UTC ]
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Hely Hutchinson to Retire as CEO of Hachette UK

Tim Hely Hutchinson will retire as CEO of Hachette UK at the end of 2017. He will be succeeded by David Shelley, CEO of Little, Brown Book Group and Orion. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-05-18 00:00:00 UTC ]
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Creative Future: bringing new writers from the margins to the mainstream

Dominique De-Light blogs about why Creative Future is determined to help underrepresented writers. Continue reading at The Bookseller

[ The Bookseller | 2017-05-17 00:00:00 UTC ]
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Hay House UK wins Bernstein's self-help book after five-way auction

Hay House UK has won the rights to publish Gabrielle Bernstein’s new book The Judgement Detox after a “heated” five-way auction. Continue reading at The Bookseller

[ The Bookseller | 2017-05-16 00:00:00 UTC ]
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Fake news or not, the future belongs to Facebook

Imagine the forecasters are right, and that print will die and social media rises to domination. What would the 2042 general election be like then?It was the week when the fake news furore went legacy-viral. Facebook bought full-page print ads in national dailies featuring 10 tips for spotting... Continue reading at The Guardian

[ The Guardian | 2017-05-14 00:00:00 UTC ]
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Bonnier Zaffre acquires 'assassa-mum' debut

Bonnier Zaffre has acquired two women’s fiction titles from debut author Asia Mackay, who was a runner-up in the Richard & Judy "Search for a Bestseller" competition. Continue reading at The Bookseller

[ The Bookseller | 2017-05-13 00:00:00 UTC ]
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Trapeze acquires graphic novel from YouTuber ComedyShortsGamer

Trapeze has acquired a high-energy graphic novel from YouTuber Deji Olatunji, aka ComedyShortsGamer, about a Kung Fu hero who saves the world. Continue reading at The Bookseller

[ The Bookseller | 2017-05-13 00:00:00 UTC ]
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The UK’s Publishers Association Takes Its Stand: ‘No Tax on Books’

‘The UK’s superb publishing houses and workforce’ lays out their demands for government commitments ahead of the June 8 general election called by Theresa May. By Porter Anderson, Editor-in-Chief | @Porter_Anderson ‘A Global Success Story’ n a ringing position statement ahead of the June 8... Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2017-05-12 00:00:00 UTC ]
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Season 5 Of “OITNB” Looks Like The Season We’ve Been Waiting For

Since Piper Kerman published her memoir Orange is the New Black, the former felon has become a staunch activist for the rights of prisoners and system reform. Jenji Kohan’s Netflix adaptation has certainly hit on very real topics like the privatization of prisons and poorly trained officers, but... Continue reading at Fast Company

[ Fast Company | 2017-05-09 00:00:00 UTC ]
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