Future acquires Cyclingnews and Procycling magazine
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
Apple launches controversial magazine media subscription platform
How mergers and acquisitions reward innovation
Dennis launches Cyclist Off-Road magazine
Bauer Media Group France aims to acquire TV magazine Télécâble Sat Hebdo
Vogue Spain partners with Banco Santander to launch Vogue Business
