International media group Future plc has acquired NewBay Media for an initial net value of $13.8 million, the companies announced today.
NewBay Media, based in London and New York, is a magazine and website publisher, with multiple verticals covering fields like TV and audio, electronics and education, as well as magazines. Its entities include Music Week, Multichannel News and Broadcasting & Cable (B&C).
“This acquisition supports our strategy of growth organically and through acquisition, global expansion and revenue diversification,” Zillah Byng-Thorne, CEO, Future, said in a statement.
Future’s brands include TechRadar and PC Gamer.
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