16 August 2013
Future plc
Acquisition of Australian Technology Brands
Future plc, the international media group, today announces that its Australian business has acquired two technology brands - APC and TechLife - from Bauer Media Group.
The acquisition of APC and TechLife - the leading technology brands in Australia - is consistent with the digital growth strategy set out at our interim results in May 2013 to grow our online audiences and build revenues in the tablet markets. The acquisition involves the two brands, the subscription lists and all related magazines, digital editions and websites in Australia. The brands will join Future's existing Australian Technology portfolio, including TechRadar.com.au and T3.com.
Mark Wood, Future's Chief Executive, said:
"The acquisition of APC and TechLife is the next stage in Future's strategy of building a global technology content business around TechRadar, our top digital brand, and T3.com.
"We are delighted to bring these two high-quality technology titles into Future, adding to our strong positions in the UK and US markets, and we look forward to building on their success and their impressive audience reach to become Australia's leading technology publisher."
ends
Enquiries
Future plc:
Mark Wood, Chief Executive Tel: 020 7042 4007
Graham Harding, Chief Financial Officer Tel: 01225 788101/020 7042 4433
Chris Taylor, Director of Communications Tel: 020 7042 4033/07980 221942
Brunswick Group:
Jon Coles / Andy Rivett-Carnac Tel: 020 7404 5959
About Future plc:
· Future plc is an international media group and leading digital business, listed on the London Stock Exchange (symbol: FUTR).
· We have operations in the UK, US and Australia creating more than 200 publications, apps, websites and events.
· We hold market-leading positions in Technology, Games, Music, Creative and Sport & Auto sectors.
· We attract more than 51 million monthly global unique users to our websites, which include techradar.com, gamesradar.com, bikeradar.com and musicradar.com.
· Future sold more than 24 million magazines last year, that's 45 magazines sold every minute. Our most well-known brands include T3, Cycling Plus, Total Film, Mollie Makes and Official Xbox Magazine.
· Future has developed its own app-creation software, FutureFolio. We produce over 100 digital editions, and have now sold over five million digital copies.
· Future exports or syndicates 225 publications to over 89 countries, making us the UK's number one exporter and licensor of magazine content.
· Future has been named Consumer Digital Publisher of the Year for three years in a row by the Association of Online Publishers (2011, 2012, 2013) and is currently the Professional Publishers Association Digital Publisher of the Year and the British Media Awards Media Company of the Year.
