Future sells 3.2 million magazines each month; they attract more than 23 million unique visitors to our websites; and host 27 annual live events that attract hundreds of thousands of enthusiasts. In addition, Future exports or syndicates publications to 90 countries internationally, making them the UK’s number one exporter and licensor of monthly magazines.
Balanced portfolio
Future manages its business as a portfolio of over 100 mini profit centres. This enables them to adjust their product mix to the fortunes of their host sectors and tightly manage costs. They are not reliant on any one of their host sectors, nor on any single magazine or website, nor on any single source of revenue. They continue to invest appropriately across their portfolio, which they believe will serve them well for the future.
Engaging prosumers
They base everything they do on enthusiasts who are passionate about their interests. They call these enthusiasts ‘prosumers’ because their passion for their hobby makes them more like professional consumers: more engaged, more loyal, more committed and more prepared to pay premium prices for premium products than consumers of general media. Their aim is to reach and engage them: in print, face-to-face and online.
Extras
If you have registered to monthly issues, and you move house, they can update the shareholder register. People can contact them: by post, by phone or by email. This is something we should take into consideration when writing our analysis of our magazine later on.