Future To Acquire Five Specialist Titles From Haymarket Media Group

Future plc, the global platform for specialist media, today announces the proposed acquisition of five specialist consumer titles from Haymarket Media Group for up to £14m. The five titles are, What Hi-Fi?, FourFourTwo, Stuff, Practical Caravan and Practical Motorhome.

The intended acquisition of popular brand What Hi-Fi? provides an entry into the complementary audiovisual market, whilst Stuff complements Future’s existing technology brands. The acquisition of Stuff is conditional on Competition and Markets Authority approval. These brands will present Future with the opportunity to continue its strategy of organic growth in line with its content monetization strategy.

The proposed acquisition will give Future a position in new specialist verticals. FourFourTwo will give Future access to the football audience during World Cup year, whilst Practical Caravan and Practical Motorhome provide a strong subscriptions proposition in the outdoor leisure market.

Future predicts the acquisition will be earnings enhancing, driving growth in operating profitability and cash generation.

read more/source: http://www.futureplc.com/2018/03/21/future-to-acquire-five-specialist-titles-from-haymarket-media-group/

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