The Global Media Weekly for executives and entrepreneurs

Future plc Acquires NewBay Media for $13.8m

Magazine-media. Expands UK-based Future Plc’s reach in US music and consumer electronics media. But the price looks a bit like a rescue by the hyper-active tech-savvy listed company which is rumoured to be chasing a swag of specialist magazines from the sprawling (now private equity-owned) Time Inc UK and – bit of a stretch – some or all of Dennis Publishing. Future, which was founded in 1985 by TED leader Chris Anderson, is riding high with a market capitalisation of ¬£190m. Expect more deals in the US, UK and Australia.