Future revises full year forecast

Future Publishing expects its results for the year to 30 September to be towards the lower end of market expectations.

However, the group’s UK and international licensing business (comprising 70% of the company’s revenue) has “performed well and remains resilient in challenging conditions”, Future said in a trading statement released today.

It added: “This performance is particularly encouraging in a media sector that continues to experience very significant advertising and newsstand challenges and reflects the underlying strength of our special-interest business, our continuing focus on operating performance in each segment and our ability to mitigate revenue disappointments swiftly.”

Future has also announced the appointment of John Marcom Jr as the new president of its US business, effective from next month, to “help address the specific challenges in North America”.

Marcom has previously worked at Yahoo!, the Financial Times, Time Inc magazines, Forbes Magazine and The Wall Street Journal.