3 thoughts on “Can new Future CEO end 15 years of boom & bust?

  1. Wendy Bendy

    Apr 07. 2014

    As a fan of Chris Anderson, it’s worth noting that the I in IGN stands for Imagine, not International. After Future, he moved to the US and set up GP Publications, which then became Imagine Publishing.

    At last someone with some financial rigour is in charge of Future. £3.7m profit is the margin of a business of £15m turnover, not £95m. The scale of the restructuring required should not be estimated. Future has some talented staff, but not many of them are managers.

    The fast-growing online elements should be encouraged. The borderline magazines should be put into their own business unit and as each mag fails to hit a margin target, be closed.

    Future needs to get smaller before it gets bigger. It should emerge as a £30-£40m business, with £10-£15m profit.

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  2. Wendy Bendy

    Apr 07. 2014

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  3. SM

    Apr 09. 2014

    Time to cut from 1,000 employees. Better to do one big cut in one go. Like, 300-400 employees. Follow the money. Radars need a small number of great editors, managing content from the community. Photography expo – 30,000 attendees – awesome – more of this? Small loss-making magazine – close them. Focus on the sales reps and the writers. Everyone else needs to go. Future needs to be a slim, fit, fighting machine that is PROFITABLE. Need to aim for a 20-25% margin to allow for further cuts in advertising. With big redundancies comes an efficient operation with better morale. It’s not going to work if it’s an insider who will be reluctant to cut friends and long-standing employees, many related. But it has to be done. The sooner the better.

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