Future hit by US downturn

Future, the special interest media group, has seen a drop in its pre-tax profit in the six months to March 31, despite posting a profit rise in the UK.

The publisher of titles such as Total Film, T3 and Fast Car, reported a pre-tax profit of £1.2m during the six-month period, compared to the £4.1m it posted in the six months to March 2008.

While the company has been hit by the economic conditions in the US, it saw profit rise by 3% in the UK.

Group ad revenue fell 3% to £24.5m, but online advertising managed to stay steady with an 18% rise, compared to 19% in the previous corresponding period. Online advertising now accounts for 24% of its ad revenue.

It launched three new magazines: The Knitter, Triathalon Plus and Guitar Aficionado. Its increased investment saw its gross digital spend rise 24%.

Chief executive Stevie Spring says: “Our focus in the first half has been on navigating through some exceptionally tough market conditions, especially in the US.

“Stripping out our prudent receivables provision and the exceptional US newsstand disruption, EBITA for the half is broadly flat: a good performance in a turbulent media sector.”

Latest from Marketing Week


Access Marketing Week’s wealth of insight, analysis and opinion that will help you do your job better.

Register and receive the best content from the only UK title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work. The more we know about our visitors, the better and more relevant content we can provide for them. And, yes, knowing our audience better helps us find commercial partners too. Don't worry, we won't share your information with other parties, unless you give us permission to do so.

Register now


Our award winning editorial team (PPA Digital Brand of the Year) ask the big questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.


From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we are your guide.


Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Having problems?

Contact us on +44 (0)20 7292 3703 or email customerservices@marketingweek.com

If you are looking for our Jobs site, please click here