Completion of Sale of Classic Rock & Metal Hammer

RNS Number : 5887C

Future PLC

17 April 2013

 



17 April 2013

Future plc

 

Completion of Sale of Classic Rock & Metal Hammer

Future plc (LSE: FUTR), the international media group and leading digital publisher, today announces the completion of the sale of its UK rock titles Classic Rock, Metal Hammer and associated brand extensions to Team Rock Limited for a gross consideration of £10.2m, satisfied in cash.

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Enquiries

Future plc
Mark Wood, Chief Executive                                                       Tel: [phone]
Graham Harding, Chief Financial Officer                                       Tel: [phone]
Chris Taylor, Director of Communications                                     Tel: [phone]

Brunswick Group
Jon Coles / Andy Rivett-Carnac                                                   Tel: [phone]

Numis Securities, Financial Adviser and Broker

Lorna Tilbian / Nick Westlake / Mark Lander                                 Tel: [phone]

TeamRock Ltd

Billy Anderson, Chief Executive                                                    Tel: [phone]

About Future plc:

·      Future plc is an international media group and leading digital publisher, listed on the London Stock Exchange (symbol: FUTR). 

·      We have operations in the UK, US and Australia creating 200 publications, apps, websites and events. 

·      We hold market-leading positions in Technology, Entertainment, Guitar, Creative and Sport & Auto sectors. 

·      We attract more than 50 million monthly global unique users to our websites, which include techradar.com, gamesradar.com, bikeradar.com and musicradar.com.

·      Future sells more than 24 million magazines every year, that's 45 magazines sold every minute. Our most well-known brands include T3, Cycling Plus, Total Film and Official Xbox Magazine. 

·      We deliver over 100 digital editions, selling over three million products powered by our own app creation software, FutureFolio.  

·      Future exports or syndicates over 200 publications to over 90 countries, making us the UK's number one exporter and licensor of magazine content.

·    Future is currently Consumer Digital Publisher of the Year for both the Association of Online Publishers and the Professional Publishers Association.

 

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