Future posts “strong” audience numbers helping digital advertising drop

Future PLC (LON:FUTR) announced “strong” audience numbers are offsetting lower digital advertising losses.

The owner of TechRadar and PC Gamer said high street closures have hit magazine sales but digital subscriptions are doing “well”.

READ: Future gets conditional go-ahead to acquire TI Media

March was the biggest month ever for tech products reviews publication Tom's Guide, with 22mln users.

The FTSE 250-listed media company has implemented cost-saving measures such as furloughing staff, speeding up closures of certain titles and reducing discretionary costs.

Future also announced the acquisition of TI Media was completed following the sale of World Soccer, Amateur Photographer and technology website Trustedreviews.com for £1.4mln in total.

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