Future reports 15% rise in online advertising

LONDON - Future, the specialist interest publisher, has reported an uplift of 15% in online advertising revenues in the nine months to 30 June, offsetting an 8% decline in print advertising revenues in the period.

Future chief executive Stevie Spring
Future chief executive Stevie Spring

The group, headed by chief executive Stevie Spring, said it believed its full-year results, announced in November, will be in line with market expectations.

In today's interim management statement, the group, which publishes titles including Total Film and gadget title T3, disclosed that group ad revenues fell 4% in the nine months.

While not disclosing actual revenue numbers, it said revenues were reduced 2% in the period, helped out by a 4% growth in its customer publishing business.

It said online advertising now makes up 22% of total ad revenues, up from 19% last year.

Spring said: "While it is premature to talk about a market recovery, there has been no deterioration in trading conditions since the half year. And I am confident that when recovery comes, Future is well positioned to benefit."

The publisher has remained bullish during the economic downturn and has launched two new titles, Simply Knitter and Triathlon Plus, this year.

Have your say...

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Media Week Jobs
Search for more media jobs

Latest

Top 10 regional press ads
Share
Trading Places: this week's people moves

Trading Places: this week's people moves

WPP appoints Roberto Quarta as chairman, Denise Turner becomes director of insight at Newsworks, and Simon Rees steps down as chief executive of Digital Cinema Media, in this week's round-up of people moves in advertising, marketing and media.

Share
Newsworks appoints Denise Turner as director of insight

Newsworks appoints Denise Turner as director of insight

Denise Turner is leaving Havas Media Group after 14 years to become director of insight at Newsworks.

Share

Get news by email