Future has announced a further acquisition to scale up in the important US market and reinforce its authoritative voice in the music and consumer electronics sectors. Newbay Media is being bought for $13.8m, mainly in cash, and is expected to be earnings enhancing in FY19. This deal, and March’s purchase of five titles from Haymarket, will be added into our FY18 and FY19 forecasts with the interim results in May. Future’s H118 trading has been strong, as expected, with good organi
05 Apr 2018
Future - Pace stepping up in US
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Future - Pace stepping up in US
Future plc (FUTR:LON) | 616 -126.2 (-3.2%) | Mkt Cap: 709.4m
- Published:
05 Apr 2018 -
Author:
Fiona Orford-Williams -
Pages:
2
Future has announced a further acquisition to scale up in the important US market and reinforce its authoritative voice in the music and consumer electronics sectors. Newbay Media is being bought for $13.8m, mainly in cash, and is expected to be earnings enhancing in FY19. This deal, and March’s purchase of five titles from Haymarket, will be added into our FY18 and FY19 forecasts with the interim results in May. Future’s H118 trading has been strong, as expected, with good organi