Future plc
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Future plc is a British media company founded in 1985. It publishes more than 50 magazines in fields such as video games, technology, films, music, photography, home, and knowledge. It is listed on the
London Stock Exchange London Stock Exchange is a stock exchange in the City of London The City of London is a City status in the United Kingdom, city, Ceremonial counties of England, ceremonial county and local government district that contains the historic cent ...
and is a constituent of the
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.


History


1985 to 2012

The company was founded as Future Publishing in
Somerton, Somerset Somerton ( ) is a town and civil parish In England, a civil parish is a type of administrative parish used for local government. It is a territorial designation which is the lowest tier of local government below districts and counties, ...

Somerton, Somerset
, England, in 1985 by Chris Anderson with the sole magazine ''
Amstrad Action ''Amstrad Action'' was a monthly magazine, published in the United Kingdom, which catered to owners of home computers from the Amstrad CPC range and later the GX4000 console. It was the first magazine published by Chris Anderson (TED), Chris Anders ...
''. An early innovation was the inclusion of free software on magazine covers; they were the first company to do so. It acquired GP Publications so establishing
Future US Future US, Inc. (formerly known as Imagine Media and The Future Network USA) is an American mass media, media company, corporation specializing in targeted advertising, targeted magazines and websites in the video games, music, and technology me ...
in 1994. From 1995 to 1997, the company published ''Arcane'', a magazine which largely focused on
tabletop game Tabletop games are game with separate sliding drawer, from 1390–1353 BC, made of glazed faience, dimensions: 5.5 × 7.7 × 21 cm, in the Brooklyn Museum (New York City) '', 1560, Pieter Bruegel the Elder File:Paul Cézan ...
s. Anderson sold Future to Pearson plc for £52.7m in 1994, but bought it back in 1998, with Future chief executive Greg Ingham and Apax Venture Partners, for £142m. The company was the subject of an
initial public offering An initial public offering (IPO) or stock market launch is a public offering in which shares of a company are sold to institutional investor An institutional investor is an entity which pools money to purchase Security (finance), securities, r ...
in 1999. Anderson left Future in 2001.


2012 to 2015: Retrenchment

Future published the official magazines for the consoles of all three major games console manufacturers (
Microsoft Microsoft Corporation is an American multinational corporation, multinational technology company with headquarters in Redmond, Washington. It develops, manufactures, licenses, supports, and sells Software, computer software, consumer electroni ...

Microsoft
,
Nintendo is a Japanese Multinational corporation, multinational consumer electronics and video game company headquartered in Kyoto. The company was founded in 1889 as by craftsman Fusajiro Yamauchi and originally produced handmade ''hanafuda'' playin ...

Nintendo
, and
Sony is a Japanese Multinational corporation, multinational conglomerate (company), conglomerate corporation headquartered in Kōnan, Minato, Tokyo. The company operates as one of the world's largest manufacturers of consumer and professional ...

Sony
); however '' PlayStation: The Official Magazine'' ceased publishing in November 2012, and ''
Official Nintendo Magazine ''Official Nintendo Magazine'', or ''ONM'', was a British Video game journalism, video game magazine that ran from 2006 to 2014 that covered the Nintendo DS, Nintendo 3DS, Wii, and Wii U video game consoles released by Nintendo. Originally pub ...
'' ceased publishing in October 2014. The company had a period of abandoning print media properties in favour of digital media, closing many titles and selling off others. In January 2012, Future sold its U.S. consumer music magazines, including ''
Guitar World ''Guitar World'' is an American monthly music magazine for guitarists, published since July 1980. It contains original interviews, album and gear reviews, and guitar and bass tablature of approximately five songs each month. The magazine is publish ...
'' and ''
Revolver .357 Magnum. A revolver (also called a six shooter or a wheel gun) is a repeating firearm, repeating handgun A handgun is a short-barrelled firearm that can be held and used with one hand. The two most common handgun sub-types in use tod ...
'', to
NewBay Media NewBay Media, LLC was a magazine A magazine is a periodical literature, periodical publication which is printing, printed in Coated paper, gloss-coated and Paint sheen, matte paper. Magazines are generally published on a regular schedule and c ...
for $3 million. In April 2013, it completed the sale of major components of its UK media-music brands for £10.2 million to Team Rock Ltd. In September 2013 – but bought these back for £800,000 in 2017 after Team Rock went into administration. In August 2013, Future acquired two Australian computing titles, ''APC'' and '' TechLife'' from
Bauer Media Group Heinrich Bauer Publishing (german: Heinrich Bauer Verlag KG), trading as Bauer Media Group, is a German multimedia conglomerate headquartered in Hamburg en, Hamburgian(s) , timezone1 = Central European Time, CET , utc_ ...
. Future announced it would cut 55 jobs from its UK operation as part of a restructuring to adapt "more effectively to the company's rapid transition to a primarily digital business model." The company announced in March 2014 that it would close all of its U.S.-based print publications and shift U.S. print support functions such as consumer marketing, production and editorial leadership for Future's international print brands to the UK.Future US streamlined to focus on digital
, RNS Number : 3903D, Future PLC, 28 March 2014
Later in 2014, Future sold its sport and craft titles to
Immediate Media Immediate Media Company Limited (styled as Immediate Media Co) is a publishing house owned by Hubert Burda Media, which acquired the company in January 2017. Immediate publishes media brands and software platforms. It contains the former assets ...
, and its auto titles to Kelsey Media. In March 2014, it was announced that the company's CFO Zillah Byng-Thorne would become the company's fourth CEO in nine years on 1 April 2014, after Mark Wood, CEO since 2011, stepped down.


Since 2016: Expansion

In 2016, Future started to expand its print and web portfolio through a series of acquisitions. It bought Blaze Publishing to diversify into the shooting market and acquired Noble House Media to increase its interest in telecoms media. Future then completed the purchase of rival specialist magazine publisher Imagine Publishing, Imagine on 21 October 2016 after receiving approval from the Competition and Markets Authority. In 2018, Future made further major acquisitions. It bought the What Hi-Fi? Sound and Vision, ''What Hi-Fi?'', ''FourFourTwo,'' ''Practical Caravan'' and ''Practical Motorhome'' brands from Haymarket Media Group, Haymarket. Future acquired NewBay Media, publisher of numerous broadcast, professional video, and systems integration trade titles, as well as several consumer music magazines. This acquisition returned most of the U.S. consumer music magazines to Future, with the exception of ''Revolver'' which had been sold to Project Group M LLC in 2017. It completed the acquisition of U.S. B2C publisher Purch Group, Purch for $132m by September 2018. Future also purchased nextmedia's computing and tech assets in Australia (including ''Atomic (magazine), Atomic'', ''Hyper (magazine), Hyper'', ''PC PowerPlay'', and ''PC Tech & Authority'') in the same month, and began incorporating ''PC PowerPlay'' articles into the online versions of ''PC Gamer''. In January 2019, Future sold some B2B brands to Datateam Media Group. In February 2019, Future acquired Mobile Nations including Android Central, iMore, Windows Central and Thrifter for $115 million. Future also acquired ''ProCycling'' and CyclingNews.com from
Immediate Media Immediate Media Company Limited (styled as Immediate Media Co) is a publishing house owned by Hubert Burda Media, which acquired the company in January 2017. Immediate publishes media brands and software platforms. It contains the former assets ...
. In July 2019, Future acquired SmartBrief (a digital media publisher of targeted business news and information) for an initial sum of $45 million. In April 2020, Future acquired TI Media, with 41 brands including Decanter (magazine), ''Decanter'', ''Country Life (magazine), Country Life'', ''Wallpaper (magazine), Wallpaper'' and ''Woman & Home'', for £140 million. Future subsequently divested ''Amateur Photographer'' and ''World Soccer (magazine), World Soccer'' to Kelsey Media and Trusted Reviews to Incisive Media. In November 2020, Future agreed a £594m takeover of GoCo plc, known for its Gocompare.com price comparison website. In August 2021, it acquired 12 magazines, including ''The Week'' and ''Computer Active'', from Dennis Publishing.


Organisation

The company also owns the American company
Future US Future US, Inc. (formerly known as Imagine Media and The Future Network USA) is an American mass media, media company, corporation specializing in targeted advertising, targeted magazines and websites in the video games, music, and technology me ...
.


Selected brands and publications

Some of the more popular brands and publications of Future include: * ''AnandTech'' * ''Bass Player (magazine), Bass Player'' * ''CinemaBlend'' * ''Computer Music (magazine), Computer Music'' * ''Country Homes & Interiors'' * ''Cycling Weekly'' * ''Digital Camera'' * ''Digital Photographer'' * ''Electronic Musician'' * ''Future Music'' * ''GamesRadar+'' * ''Golf Monthly'' * ''Guitarist (magazine), Guitarist'' * ''Guitar Player'' * ''Homes & Gardens'' * ''Horse & Hound'' * ''Laptop Mag'' * ''LiveScience'' * ''MacLife'' * ''Marie Claire'' * ''Metal Hammer'' * ''Mix (magazine), Mix'' * ''Newsarama'' * ''PC Gamer'' * ''Radio World'' * ''Space.com'' * ''Systems Contractor News'' * ''TechRadar'' * ''Tom's Guide'' * ''Tom's Hardware'' * ''Tom's IT Pro'' * ''Top Ten Reviews'' * ''What Hi-Fi?'' * ''Total Guitar'' * ''TV Technology'' * ''Woman's Weekly (UK magazine), Women's Weekly'' * ''Yachting Monthly''


References


External links

* {{DEFAULTSORT:Future Plc Computer magazine publishing companies Magazine publishing companies of the United Kingdom Companies based in Bath, Somerset British companies established in 1985 Publishing companies established in 1985 1985 establishments in England Companies listed on the London Stock Exchange 1999 initial public offerings