Future Blows Its Cash On Booze, Women
The death rattle of the print media is becoming clearly audible.
Officials from UK based magazine publisher Future Publishing have announced the company's preliminary results for the financial year ended September 30th, in which the company reported pre-tax losses of 49.0 million ($95.6m).
Last year Future made a 12.5 million ($24.4m) profit so this...this hurts. Future publish the official Xbox mag in both the US and Britain, the official Sony & Nintendo mags in the UK, serious-but-awesome industry site Next-Gen and, most important of all, Edge magazine, the doyen of games journalism.
These mags have been dying a slow death for a few years now, so that in itself isn't exactly breaking news. Be a crying shame if Edge and Next-Gen get caught up in all of this business, though (again, in the case of Next-Gen). The world wouldn't be the same without them.
Future Publishing Sees Losses Of $96m [Gamasutra]
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