Future bright as profits at publisher could hit high of £190m thanks to boom in online advertising
Business is booming at Future as its income from online advertising continues to grow.
The publisher said profits this year would be ‘at the top end’ of its forecasted £183.5million to £193.6million range.
Future owns more than 200 magazine titles including Country Life, Four Four Two and Techradar.
Future, led by chief exec Zillah Byng-Thorne (pictured), said profits this year would be ‘at the top end’ of its forecasted £183.5m to £193.6m range
And yesterday completed of its takeover of Dennis, which publishes titles including The Week.
Future reaches one in three readers in the UK and US through its magazines and websites.
Under a lucrative bonus scheme, Zillah Byng-Thorne could this year be paid £40million.
The 46-year-old has made £26.8million as chief executive.
Shares have soared on her watch, although yesterday they fell by 4.5 per cent, or 168p, to 3590p.
Investment director Russ Mould at AJ Bell said: ‘Future’s growth trajectory, built on buying magazine titles on the cheap and monetising the specialist content through a central ecommerce and online advertising platform, has been remarkable.’