View all newsletters
Sign up for our free email newsletters

Fighting for quality news media in the digital age.

  1. Publishers
  2. Digital Journalism
September 27, 2012

Future close to US profit as Apple Newsstand sales top £5m

By Andrew Pugh

Bath-based magazine publisher Future is close to returning to profit in the US, the company said this morning.

The company has spent the past year restructuring its US portfolio, where revenue fell 20 per cent to £18.3m earlier this year following the sale of its New York-based music titles including Guitar World. It also cut 31 per cent of its staff in America.

In a trading update issued this morning, the Total Film publisher said: “In the US we continue to make strong progress and are close to returning to profitability, fulfilling a commitment we made a year ago to be profitable in the US in FY [financial year] 2013.

Elsewhere, the company said its “progress towards a predominantly digital business continues”.

Sales of digital editions on Apple devices have now passed £5m since Apple Newsstand was launched in October 2011.

Future said that visits to its websites had increased by more than 50 per cent this year and now total more than 45 million unique users a month.

Topics in this article :

Email pged@pressgazette.co.uk to point out mistakes, provide story tips or send in a letter for publication on our "Letters Page" blog

Select and enter your email address Weekly insight into the big strategic issues affecting the future of the news industry. Essential reading for media leaders every Thursday. Your morning brew of news about the world of news from Press Gazette and elsewhere in the media. Sent at around 10am UK time. Our weekly dose of strategic insight about the future of news media aimed at US readers. A fortnightly update from the front-line of news and advertising. Aimed at marketers and those involved in the advertising industry.
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy Policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network