Future Network Buys Games Mags For £2.5 Million

International consumer magazine group, Future Network, has today announced that it has acquired two UK games magazines from Dennis Publishing for £2.5 million.

The purchase of PC Zone and Computer & Video Games from the US publishing house, also includes sister website, computerandvideogames.com.

Managing director, Robert Price, said: “This acquisition is good news for Future because it fits perfectly into our games group, where we’ve proved over the years that we are a successfully portfolio publisher. Deals like this are part of our UK growth plans; this is our second acquisition this month and we’re announcing a number of launches over the next few weeks.”

PC Zone is the UKs longest-running PC games title, with a monthly average circulation of 41,076 during the six months to June 2003. In the same period, CVG sold a monthly average of only 19,162 copies, down 40% year-on-year and as a result, the company said that it expects to suspend this publication in its current form.

Earlier this month Future Publishing strengthened its internet operations with a raft of new appointments following a board level review designed to increase efficiency and boost the revenue generated by the company’s online projects (see Future Publishing Strengthens Internet Operations).

Future Publishing: 01225 442 244 www.futurenet.com

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