Future to Merge U.S., UK Magazine Operations

November 28, 2011 -

After reporting a year-over-year loss, it looks like magazine publisher Future Publishing is going to merge its operations in the United Kingdom and the United States. Earlier this year two prominent executives resigned from the company due to the publisher's financial troubles.

Following its financial results for the fiscal year ended September 30, 2011, the company announced the appointment of a new group CEO and finance director to replace Stevie Spring and John Bowman. Future's new CEO Mark Wood explained why the UK and U.S. operations will now be merged.

"Building on the digital success in the UK, we have taken steps to reorganize the company, merge UK and US operations and create a single global product line," he explained. "These changes will enable us to operate more efficiently and return the U.S. business to profitability. The changes will also mean that we can accelerate our transition to a digital business model and start to sell our entire range of digital content to high-value audiences in the U.S. and other key markets."

For the fiscal year ended September 30 2011, the company reported revenue of £141.7 million ($219.1 million), down 6 percent from last year, while losses increased by 59 percent to £11.8 million ($18.2 million) from the same period a year ago.

Future operates multiple game magazine including Best Buy's @Gamer, PC Gamer, and Official Xbox Magazine.

Source: Gamasutra

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prh99The blog post by Quinn's exboyfriend suggesting she slept with journalists to get favorable reviews was impetus for #gamergate.10/02/2014 - 8:54am
SleakerTechRaptor seems to do a decent job of breaking down things in it's currently 6-part series: http://techraptor.net/2014/09/23/good-morning-orthodoxy-1/ - and why atleast for him, the whole Media-thing is offensive.10/02/2014 - 8:53am
SleakerSo from all of the articles I've read that give timelines and show tag trends, there's nothing to support GG being about AS or Quinn. These were a minority of people harassing.. The large portion of GG started when the 'Gamers are dead' articles started.10/02/2014 - 8:45am
prh99Btw apparently they've gone as far as creating a GitHub for this Operation Disrespectful Nod. http://bit.ly/1qsbWcq10/02/2014 - 8:44am
Sleakerthey don't consider the issue. This is the consumeristic nature of a market.10/02/2014 - 8:41am
prh99Attacking their integrity and now getting advertisers to pull their ads from those sites.10/02/2014 - 8:40am
Sleaker@EZK - Telling a company you disagree with the nature of a news sites methodology and feel it negatively impacts the ad-running company as a supporter of said articles is not censorship. It's voicing your opinion that you will vote with your wallet if10/02/2014 - 8:38am
prh99I don't think they have any interested in debate. They scared Anita and Quinn with threats of violence, now they are going to try and damage organizations who called them their behavior.10/02/2014 - 8:36am
E. Zachary KnightWhat I can't understand is why gamergate supporters feel the need to silence their critics. Why can't they simply fight free speech with free speech.10/02/2014 - 8:23am
E. Zachary KnightSo what I am saying is that since gamergate failed to force Gamasutra to retract their editorial directly, they are now going the starvation route.10/02/2014 - 8:22am
E. Zachary KnightAs an illustration, you can kill someone by shooting them in the head, or you can starve them to death. The means don't matter, just the ends.10/02/2014 - 8:18am
E. Zachary Knightquiknkold, I can't speak for James, but trying to silence a critic by blocking its financial supporters is a censorious activity. It may not be the same as direct censoring, but its ends are the same.10/02/2014 - 8:18am
E. Zachary KnightMecha, I found neither the title nor the content of Gamasutra's Gamers are Dead article inflammatory. But I guess that just means I was the target audience for it.10/02/2014 - 8:16am
prh99@james_fudge Agreed, but then again this group doesn't exactly have high ethical standards or even a grasp of hypocrisy. They do pretty much anything to damage their targets.10/02/2014 - 8:14am
MechaTama31Are... Are you guys suggesting that the content of the "Gamers are over" article is *less* inflammatory than the title?10/02/2014 - 7:58am
quiknkoldhey James, Boycotts are not Censorship. Supreme Court NAACP v. Claiborne Hardware Co. (1982)10/02/2014 - 7:37am
Michael ChandraWhat's in a name? That which we call a rose by any other name would smell as sweet. That said, the name says it all.10/02/2014 - 7:34am
E. Zachary KnightYes.10/02/2014 - 7:29am
ConsterQuestion: is Kefka on drugs, or is he secretly a conspiracy theorist character from a TV show?10/02/2014 - 7:21am
james_fudgeEnjoy my comedy stylings.10/02/2014 - 7:10am
 

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