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Future Completes the Sale of Three Audio Visual Brands to MyHobbyStore - Future Publishing, one of the UK’s leading special interest publishers, today announces the sale of three audio visual titles to specialist hobby publisher MyHobbyStore - MyHobbyStore.com / Futureplc.com
Future Completes the Sale of Three Audio Visual Brands to MyHobbyStore

 

PRZOOM - /newswire/ - Bath, Banes, United Kingdom, 2011/10/11 - Future Publishing, one of the UK’s leading special interest publishers, today announces the sale of three audio visual titles to specialist hobby publisher MyHobbyStore - MyHobbyStore.com / Futureplc.com. LSE: FUTR

   
 
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Future announced its intention to divest Hi-Fi Choice, What Satellite & Digital TV and Home Cinema Choice in July.

Hi-Fi Choice is the essential guide to audio excellence in the home, while What Satellite & Digital TV is the cutting-edge magazine for the TV technology enthusiast. Home Cinema Choice is the UK’s best-selling home cinema enthusiasts’ magazine.

The deal sees MyHobbyStore acquire the three brands with immediate effect with a short transitional period before relocation in order to avoid interruption to publishing schedules.

In addition to publishing Hi-Fi News, MyHobbyStore publishes some of the best known specialist hobby and craft magazines in the UK, including popular titles such as RCM&E, Model Engineer, Model Boats and Popular Patchwork.

Future Publishing CEO Mark Wood says: “MyHobbyStore is the ideal home for these three specialist audio visual titles. I would like to thank the teams on the brands for all their hard work and commitment, particularly over the last few months. I wish them all the best in the future.”

MyHobbyStore CEO Owen Davies adds: “The acquisition of these three magzines, joining Hi-Fi News, creates a strong group of titles with shared values in the specialist consumer electronics sector. We have exciting plans to develop this new group both in print and in the digital space and we are delighted to welcome the new staff to our business.”

Staff transfer to MyHobbyStore with immediate effect.

About Future

Future plc (futureplc.com) is an international special-interest media group, listed on the London Stock Exchange (symbol FUTR). Founded in 1985 with one magazine, today we have operations in the UK, US and Australia creating 200 special-interest publications, apps, websites and events. We hold market-leading positions in games, film, music, technology, cycling, automotive and crafts. Our biggest-selling magazines include T3, Total Film, Classic Rock, Guitar World and Official Xbox Magazine. Our websites include gamesradar.com, bikeradar.com, musicradar.com and techradar.com (the UK’s no. 1 consumer technology website). Future sells three million magazines each month; we attract more than 25 million unique visitors to our websites; and we deliver over 100 digital editions and bespoke apps on tablet. Future exports or syndicates publications to 90 countries, making us the UK’s number one exporter and licensor of magazine content; and was named consumer digital publisher of the year at the Association of Online Publishers Awards 2011.

About MyHobbyStore

MyHobbyStore (myhobbystore.com) is a leading specialist consumer media and ecommerce business. It publishes some of the best known hobby and craft magazines in the UK, including popular titles such as RCM&E, Model Engineer, Model Boats and Popular Patchwork. It also operates a range of community websites and e-commerce websites such as myhobbystore and mycraftstore and operates some of the most loved model hobby events in the country.

For more information please contact:
Owen Davies, CEO, MyHobbyStore on 01689 869860, or email owen.davies[.]myhobbystore.com.

 
 
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Future Completes the Sale of Three Audio Visual Brands to MyHobbyStore

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Contact: Chris Taylor - Futurenet.co.uk 
+44(0)20 7042 4033 / 07980 221942 chris.taylor[.]futurenet.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Future Publishing Limited securities in any jurisdiction including any other companies listed or named in this release.

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