Twelve Notable Properties Including Kiplinger’s, The Week, Coach, and IT Pro Join Future’s Growing Portfolio
Future plc, the global platform for specialist media, announced the acquisition of a portfolio of leading Wealth, Knowledge and B2B Pro Technology specialist brands from Dennis Publishing. The approximately £300m deal includes respected print and online publications Kiplinger, MoneyWeek, The Week & IT Pro, which join other recent acquisitions by Future that include GoCo Group and MarieClaire.com.
The move accelerates the realization of Future’s growth strategy in the Wealth and Knowledge verticals, extends its reach in the US and adds a significant subscription conversion engine to Future’s core offerings.
“I am delighted to announce the acquisition of a high-quality portfolio of trusted brands from Dennis Publishing that will accelerate our strategy, enhance our content capabilities and bring additional geographical and vertical revenue diversification, whilst materially increasing the proportion of recurring revenues across the Group,” said Zillah Byng-Thorne, CEO of Future. “The materially earnings enhancing acquisition is highly complementary to our longstanding ‘US first’ mindset and provides an attractive opportunity to scale our recently created ‘Wealth’ vertical, whilst diversifying our presence in our ‘Knowledge’ and ‘B2B Pro Technology’ verticals.”
Future recently released a trading update indicating that its year-end performance was expected to be materially ahead of expectations. Over the last five years, it has acquired assets worth £1.1bn and increased its underlying business by more than £2bn.
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Future will optimize performance of the newly acquired verticals using proprietary ad tech and ecommerce technology to deliver significant increases in online audiences, boosting revenue opportunities for advertisers and brands. The brands included in the acquisition are:
- The Week / The Week US
- The Week Junior / TWJ US
- MoneyWeek
- Kiplinger
- Science & Nature
- IT Pro
- Computer Active
- PC Pro
- Minecraft World
- Coach
“These properties strengthen our North American presence at a time when Future is expanding aggressively, especially in the Consumer Wealth, Knowledge and Technology spaces,” Byng-Thorne said. “I look forward to welcoming our new colleagues and continuing the successful execution of our strategy to generate long-term sustainable growth and attractive returns for our shareholders.”
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