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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james_fudgere: Sommers - I simply wrote that she's a "feminist" in our report.05/04/2015 - 3:53pm
Matthew Wilsonhttps://www.youtube.com/watch?v=J6lyURyVz7k its not gamming related, but this past weeks lastweek tonight is a must see.05/04/2015 - 3:39pm
Andrew EisenAlso, how are they trying to paint Sommers in a bad light? Far as I can see, all it says is she's "a professor and critic of contemporary feminism."05/04/2015 - 2:19pm
Andrew EisenIanC - I assume you're referring to Kotaku's report on the bomb threat. What comments are being censored? Any evidence? Not saying it didn't happen. I certainly censored yours, and for damn good reason.05/04/2015 - 2:18pm
Andrew EisenIf there's a story we're not covering that any of you think we should, please feel free to submit it as news.05/04/2015 - 1:48pm
Andrew EisenIanC - I deleted your comment. Such disgusting and libelous crap is not welcome here. Do it again and I'll ban you. This is the only warning you get.05/04/2015 - 1:46pm
IanCOh and GG has not been "dormant" its just that this site can't be bothered to report it. Im surprised they even reported the bomb threat. Threats against both sides are wrong, regardless of who is doing it.05/04/2015 - 1:44pm
IanCOh and Conster thats just sick. I like how its "i hate this group, lets pretend that they are doing something even worse". Thats just wrong.05/04/2015 - 1:41pm
IanCKotaku have been censoring comments on that article. They also tried to paint Christina Sommers in a bad light, just because she isn't the type of feminist that they agree with.05/04/2015 - 1:39pm
E. Zachary KnightConster, I think that might be a little uncalled for.05/04/2015 - 10:20am
MattsworknameConster, I vet what your saying, but lets not bring up Baltimore, that place had a very bad week.05/03/2015 - 5:48pm
MattsworknameFair enough Infophile, regardless of my own issues with the gaming industry and press, im just sorta tired of the whole GG thing as it is. it just seems pointless now you know?05/03/2015 - 5:46pm
ConsterThe trolls hiding behind GG may be too busy pretending to be looters in Baltimore right now.05/03/2015 - 3:32pm
InfophileWhich is to say, GG isn't people writing articles about GG; it's the swarm of people lashing out. That's still going on, even if not as many articles are being written about it05/03/2015 - 7:32am
InfophileIt's not about the articles, but about the people receiving threats. Found an article from just last week which says Zoe Quinn is still receiving daily threats: http://www.bostonmagazine.com/news/article/2015/04/28/gamergate/05/03/2015 - 7:31am
Mattsworknameup hating the game industry on a more general level .05/03/2015 - 7:25am
MattsworknameIts funny, you know what i just realized, I love video games, and I hate the industry that has been forged around them. I hate the big name publishers, the press, all that jazz. But I still love gaming. that kinda sucks that I love games and still wind05/03/2015 - 7:25am
MattsworknameIt's like teh whole thing just went quiet.05/03/2015 - 6:28am
MattsworknameInfophile, I haven't really seen much activity either way, other then a few minor articles here or there, its like GG just sorta went dormant. I dont deny that I have some concerns with gaming press and industry, but I followed GG the last few months05/03/2015 - 6:28am
Infophile@Mattsworkname: It's more of a case that many media outlets have lost interest in their usual actions. "GamerGate still viciously harassing Zoe Quinn" isn't exactly news. Even if they are. *puts on sea lion hunting gear* Come at me, GG! I dare ya!05/03/2015 - 4:40am
 

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