Future says business remains “resilient”

Special interest publishing group Future has said it expects to post results “at the lower end of market expectations” in a trading statement ahead of its results for the year ending 30 September.

Classic Rock
Classic Rock

The group, which publishes titles such as Classic Rock and Total Film, reports that although its UK and international business “remains resilient” the impact of newsstand disruption in the US has caused revenue shortfalls and it expects a trading loss for the US business.

It states that it will now incur a full year EBITA loss in the US and has lowered its full year 2009 estimate from break even to a loss of £2 million.

As part of a recovery strategy to address the challenges in the North American region, Future has appointed John Marcom Jr as the president of the US business.

Marcom joins the company from digital services agency AdGent007 and was previously president of international operations at Yahoo!

Marcom will join the company in October, based at the San Francisco head office.

Earlier this month, Future appointed former Bauer Media digital sales head Kurt Edwards to the role of digital commercial director.

Future says: “We retain our view that Future is managing the migration from print to an integrated print/online model well and have been encouraged by other initiatives including the launch of the quarterly World of Warcraft: The Magazine publication.”

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