Future is adding two cycling brands to its consumer portfolio: Cyclingnews and the magazine Procycling, acquired from Immediate Media. The brands feature cycling industry analysis, insight, photography and exclusive interviews.
Future’s CEO, Zillah Byng-Thorne, says: “The acquisition of these brands will expand our presence in the sport and outdoor leisure vertical and is a clear demonstration of our strategy to leverage enduring content on our technology platform to further diversify our revenue streams.
“We have a proven methodology and track record of integration and we are confident that this deal will drive further growth in operating profitability and cash generation.
“You may remember that these brands were originally published by Future before we sold them to Immediate Media in 2014. Buying them back is a special moment for us to honour a piece of our heritage and a fantastic opportunity to expand our portfolio.”
Future is a member of FIPP.
More like this
Vox Media and New York Media announced that they have entered into a definitive agreement to merge. The deal, which is subject to customary closing conditions, is expected to close later this autumn.25th Sep 2019 Deals
Newspaper and magazine platform PressReader has announced its acquisition of News360. News360's technology analyses and attributes content from any given news story to more than a million distinct audience interests, and reaches more than 100M unique readers every month through its News360 app.21st Aug 2019 Deals
Future Media Group has acquired W from Condé Nast. The acquisition will bring W together with Surface and Watch Journal to form Future Media Group. The Group will continue to publish eight print issues of W annually while also expanding the brand's digital and experiential footprint.25th Jun 2019 Deals
Wainscot Media, a provider of publishing and content marketing solutions based in the USA, has acquired 9Threads, publisher of two prominent B2B fashion magazines and its associated properties.28th May 2019 Deals
Over the last number of years, Hearst and other major magazine media companies have been chasing scale. Magazine media companies all wanted to be big, explained Brooke Siegel, VP of Content at Hearst. Siegel, who oversees 25+ brands at Hearst, spoke about how Hearst is optimising content at FIPP World Media Congress in Las Vegas, on 12 November.13th Nov 2019 Features
Contrary to what most magazine brands are trying to achieve, deliberately not developing a dedicated digital format for the iconic Monocle magazine remains part of the Monocle brand strategy, delegates to the 42nd FIPP World Media Congress in Las Vegas learnt.13th Nov 2019 Features
We are at the 42nd FIPP World Media Congress, taking place from 12-14 November. If you were unable to make it to Las Vegas, here are some ways you can follow the news and engage from where you are.11th Nov 2019 FIPP News
Bonnie Kintzer, CEO of Trusted Media Brands, USA, outlined the company's path to success over the last six years and the seven steps she now finds pertinent to transformation, during the opening session of the 42nd FIPP World Media Congress, taking place at Planet Hollywood in Las Vegas, 12 November.12th Nov 2019 Features
The annual FIPP Insight Awards, supported by UPM, The Biofore Company, recognise the best research and insight initiatives from magazine media from all over the world.11th Nov 2019 Insight News
Visit our Youtube channelFIND OUT MORE
FIPP newsletters allow you to keep up with industry trends, research, training and events across the worldFIND OUT MORE
What’s happening now, what’s coming next