3rd Jul 2007 11:00
Future PLC03 July 2007 3 July 2007 FUTURE PLC Acquisition of www.cyclingnews.com Future plc (LSE: FUTR), the international special-interest media group, todayannounces that it has acquired Cycling News (www.cyclingnews.com) from KnappCommunications Pty Limited for a cash consideration of A$5.25m (£2.2m) payable upon completion, which will be financed from the Group's existing bankfacilities. Launched in 1995, www.cyclingnews.com is the leading global website for cyclingenthusiasts providing results, commentary and other editorial content to itsweb visitors. The site covers road racing, mountain bike racing, track racing,cross racing and BMX. In 2006 it attracted an average of 30 million page impressions each month,representing approximately 500,000 unique visitors. The majority of itsrevenues are generated from advertising on the website. For the year ended 30June 2006 revenues were A$1.5m and EBITDA was A$0.4m. The acquisition complements the launch this week of Future's cycling websitewww.bikeradar.com which, with recent acquisition www.bikely.com, providesintegrated content from Future's successful portfolio of cycling titles andhelps cyclists to share knowledge of good cycling routes around the world. Cycling is one of the sectors selected by Future for cross-platform development. Future already has a successful portfolio of cycling magazines: MountainBiking UK, What Mountain Bike, Cycling Plus and Procycling. Last year, enthusiasts bought 1.45 million copies of our cycling magazines. Future alsoholds the licence to publish the UK's Official Tour de France Guide. With the acquisition of www.cyclingnews.com and the launch of www.bikeradar.com,Future is well-placed to build a market-leading position across platforms inthe cycling sector, offering high-quality content for cycling enthusiasts around the world. ENDS About Future Future plc is an international special-interest media group with offices in theUK, US and France. Founded in 1985 with one magazine, today it creates over 180special-interest publications, websites and events, with strong portfolios in the technology, games, music, automotive and sports sectors. Over 130international editions of Future's magazines are published under licence bypublishing partners in 30 other countries around the world. Future employsaround 1,450 people worldwide. The company is listed on the London StockExchange (symbol FUTR). Enquiries: Future: Stevie Spring, Chief Executive Tel: 020 7042 4007 John Bowman, Group Finance Director Tel: 020 7042 4031 Vicky Bacon, Head of Group Communications Tel: 020 7042 4033 Hogarth Partnership: James Longfield / Ian Payne Tel: 020 7357 9477 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Future