Future Calls Sale of U.S. Operations 'A Possibility'

September 28, 2011 -

MCV reports that Future Publishing has hinted in its latest pre-close trading update that the sales of its U.S. operations are a possibility, even as the company shifts towards a digital model for moving its various game-related magazines. The company also predicted a six percent drop in its total revenue for the fiscal year ending September 30, with the UK operations expected to post a two percent drop.

The company describes the climate the U.S. operations is in currently as "significantly more challenging," and notes that it reflects a "much smaller scale of business."

"It reflects a combination of a much smaller scale of business; the radically different business model applicable to US magazine publishing generally compared with the UK; limited portfolio protection with exposure to only three special-interest sectors; and a faster-declining print advertising market.

In July the Group announced steps to accelerate the transition of Future US into a primarily digital business.

However, with trading conditions in the US reflecting ongoing weakness and decreasing visibility at newsstand, and an acceleration in the year-on-year growth rate in digital revenues, the Board is now considering a wider range of strategic options in respect of its US operations."

The company owns and operates a number of publications including Edge, Nintendo Power, Official Xbox Magazine, Playstation: The Official Magazine, PC Gamer, @Gamer, and the recently eliminated World of Warcraft: The Official Magazine. The company also owns websites such as GamesRadar, OXM Online, N4G, C&VG, PCGamer, and publishes Qore on Sony's PlayStation Network for PS3.

On September 27 the company announced the launch of PC Gamer Digital, a downloadable version of the popular PC games-focused magazine. It's currently available on Steam for $1.99 and will be a weekly publication.

Source: MCV

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Matthew WilsonI did a clean install, and have had no issues, it seems they got this right07/29/2015 - 7:43pm
PHX Corphttp://www.gamnesia.com/news/randy-pitchford-on-aliens-criticism-it-depends-on-what-criteria-youre-using oh look, More Randy pitchford Shooting himself in the foot again07/29/2015 - 7:43pm
Craig R.And even then, I'd say upgrade, make your backup media, and then do a clean install07/29/2015 - 7:29pm
Craig R.Personally, I'm recommending people wait 2-3 months at least before upgrading07/29/2015 - 7:29pm
Matthew Wilsonthat being said I am not normal, I took the upgrade and made a recovery drive, than did a clean install. most issues in os upgrades come from doing the upgrade. doing a fresh install fixes that.07/29/2015 - 6:58pm
Matthew Wilson@james so far hone, no major issues encountered yet. the only issue ?I have is my second wifi adaptor does not work, but I have my built in one. that issue is on netgear to fix though with new drivers07/29/2015 - 6:46pm
TechnogeekSora, the entire reason those clauses are being added everywhere is that they WERE upheld. AT&T Mobility v. Concepcion, back in 2011.07/29/2015 - 6:28pm
james_fudgeHow many crashes so far?07/29/2015 - 5:46pm
Matthew Wilsonmost likly not since windows is considered essential, so unreasonable tos wont hold up. that being said, I am using it, and its prity good.07/29/2015 - 5:11pm
Sora-ChanThe question on those is can they be held up in court. From what I can tell those kinds of clauses haven't been challenged in court yet.07/29/2015 - 4:40pm
E. Zachary KnightPapa, Of course thre is. That has now become a permanent part of the EULA boilerplate template.07/29/2015 - 12:56pm
Papa MidnightIn case anyone is interested, there is a clause written into Section 10 of Windows 10's EULA that provides for a Class Action Waiver, and restricts the user to Binding Arbitration.07/29/2015 - 11:15am
TechnogeekNo, that folder is what gets used for the upgrade process. I already had the upgrade go through on my notebook.07/29/2015 - 10:35am
Andrew EisenMatt - And AGAIN, you keep saying "accountable." What exactly does that mean? How is Gamasutra not accounting for the editorial it published? How is it not accountable to its readership (which, AGAIN, is primarily game industry folk, not gamers)?07/29/2015 - 10:10am
james_fudgeThat's the clean install, for anyone asking07/29/2015 - 9:23am
TechnogeekAlso, it's the upgrade that's available for installation now. You might need to forcibly initiate the Windows Update process before it'll start downloading, though. (If there's a C:\$Windows.~BT folder on your computer, then you're in luck.)07/29/2015 - 8:46am
TechnogeekAdmittedly there's more room to push for an advertiser boycott when you get into opinion content versus pure news, but keep in mind that reviews are opinion content as well.07/29/2015 - 8:46am
TechnogeekMatts: There's a difference between "this person regularly says extremely terrible stuff" and "I don't like the phrasing used in this one specific editorial".07/29/2015 - 8:45am
MattsworknameWait, is that for the upgrade or the clean install only? cause I was gonna do the upgrade07/29/2015 - 8:32am
james_fudgehttps://www.microsoft.com/en-us/software-download/windows1007/29/2015 - 8:30am
 

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