Magazines. Future Publishing Australia, a division of the fast-growing Future Plc, of the UK, has bought the magazine-centric brands PC PowerPlay, Hyper and PC & Tech Authority from NextMedia for what is believed to be a price of less than A$500k. The 12-year-old NextMedia (which is managed by its founders, former ACP Magazines executives David Gardiner and Bruce Duncan) is now a Sydney-based subsidiary of the 30-year-old, privately-owned Forum Media Group (FMG), of Germany. FMG also has specialist and business media in Germany, North America and Asia. It has revenues of some €100m, and last year acquired 80% of the B2B media and events company Lighthouse in Singapore and Hong. It is a reasonable bet that Forum will become increasingly focused on B2B and will eventually sell NextMedia itself to the voracious Future, which has a range of complementary UK and US magazines. Just wait. Context: Future accelerates
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Future acquires Aussie gaming-tech mags
