- The management of Future Publishing has succeeded in a £142 million buy-out from Pearson, the Financial Times owning media group, with the backing of venture capital company Apax Partners.
The management team, led by chief executive Chris Ingham and Future's founder Chris Anderson, take control of Future's magazines, its online business Futurenet and the magazines published by its French sister company Edicorp. Everyone at the three companies will granted shares or share options in the new independent operation, Future Publishing Holdings.
Anderson will be non executive chairman of the new company. He and Ingham will be joined on the board by the group finance director Ian Linkins, publishing director Jane Ingham, circulation and HR director Sue Hartley, Edicorp managing director Didier Macia, and from Apax Barbara Manfrey.