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Industry News
Industry News
Future has expanded again, buying Dennis as part of its North American growth strategy.
Fast-growing Future has announced the acquisition of Dennis Publishing. This will not only expand Future’s audience in the US but will also help the publisher expand into wealth and knowledge verticals and B2B lead generation, ultimately aiming to boost subscription conversion to strengthen platform capability.
The brands that have been bought include The Week, The Week Junior, MoneyWeek, IT Pro, Minecraft World, and more.
Future CEO Zillah Byng-Thorne commented: “I am delighted to announce the acquisition of Dennis, a high-quality portfolio of trusted brands that will accelerate our strategy, enhance our content capabilities and bring additional geographical and vertical revenue diversification, whilst materially increasing the proportion of recurring revenues across the Group.
“I look forward to welcoming our new colleagues to Future, and to continuing the successful execution of our strategy to generate long-term sustainable growth and attractive returns for our shareholders.”
James Tye, CEO of Dennis said: “In the three years that the business has been owned by Exponent, Dennis has been on an incredible growth journey, delivering double digit increases in subscription revenues, a greatly increased US footprint; and significant bottom-line increases.
“This is a testament to the talented team at Dennis who have helped make all of this happen. We look forward to working with the team at Future to continue growing the reach, influence and value of all our key brands and businesses.”
Senior team bolstered with hire from Global
This latest launch aims to address the shifting behaviours of the next generation of home interest consumers.
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