Technology & Music Magazines & Websites Acquired

Future Network PLC 7 January 2000 FUTURE ACQUIRES TECHNOLOGY AND MUSIC MAGAZINES AND WEBSITES Four magazines and three websites in consumer technology and rock music bought from Dennis Publishing. Future Network plc (LSE: FNET), the video games, home computing and other specialist consumer magazines and online publisher, today announces that it has acquired four magazines and three websites from Dennis Publishing. The magazine titles acquired are: Hi-Fi Choice, the No. 2 magazine in the hi-fi market with a 1998 ABC of 21,613; Home Entertainment, one of the longest established home entertainment technology magazines with a 1998 ABC of 20,112; Classic Rock, a recently launched rock magazine; and Metal Hammer, the market leading monthly rock magazine aimed at the 16-21 year old market. Metal Hammer's ABC for the six months to June 1999 was 39,485 and this magazine is also published under licence in Spain, USA, Israel and Russia. The websites acquired are home-entertainment.co.uk, hifichoice.co.uk and metalhammer.co.uk. These websites served a total of 1.2 million page impressions in November 1999, up 27% on October 1999. Commenting on the acquisitions, Jane Ingham, Managing Director of Future Publishing said: 'These are excellent, successful magazines and websites, and we are delighted that we can bring them into the Future stable. They offer powerful synergies with existing Future titles, and the combined portfolio will be much stronger as a result. We believe that they have a lot of potential to do even better over the coming years.' Home Entertainment and Hi-Fi Choice complement Future's existing T3: Tomorrow's Technology Today and What DVD? magazines and together will form a group of titles which cover the full range of consumer electronics hardware including digital TV, DVD and audio systems. Metal Hammer and Classic Rock are youth oriented titles specialising in the hard rock genre of music. These will be published alongside Future's existing Guitarist and Total Guitar magazines, which are aimed at the musicians involved in this music genre. Commenting on the technology magazines, Mike Frey, Publishing Director at Future said: 'Hi-Fi Choice and Home Entertainment are highly respected titles appealing to the up-market end of the consumer technology audience. They make a perfect fit with our existing home entertainment technology titles, providing us with the full range of titles and greatly strengthening Future's market position in this sector.' Referring to the rock magazines Frey added: 'Metal is one of the longest standing modern music genres and it is undergoing a renaissance as a reaction to 'safe' boy/girl bands and Britpop. We are already involved in this market and believe we can expand the potential of these new magazines though our experience of publishing magazines with cover mounted CDs.' Future has also acquired the content and domain names of three associated web sites - home-entertainment.co.uk, hifichoice.co.uk and metalhammer.co.uk. These sites will be suspended pending their re-launch as e-commerce based sites in the Spring. Commenting on the website acquisitions, Strategic Development Manager, Stuart Anderton said: 'There has been an explosion of ecommerce activity in consumer electronics in the UK in the last 12 months, but there is no single website which you can turn to for impartial buying advice. The reviews databases of hifichoice.co.uk and home-entertainment.co.uk, combined with existing material from t3.co.uk and What DVD? magazine will form a buyers guide which will be the core of our e-commerce strategy in the consumer electronics market.' He added, 'metalhammer.co.uk also has a huge e-commerce potential through CD and concert ticket sales, as well as forming a natural on-line community.' For further information: Jane Ingham, Managing Director Tel: 01225 442244 Future Publishing Stuart Anderton, Strategic Development Manager Tel: 01225 442244 Future Publishing Alistair Ramsay, Managing Director Tel: 0171 631 1433 Dennis Publishing James Longfield/Harriet Keen Tel: 0171 357 9477 Hogarth Partnership Background on The Future Network: The Future Network was founded in the UK in 1985. Today Future publishes 112 magazines worldwide and has extensive online activities generating over 50 million page views per month. It is the world's fastest growing major publisher; is the leading publisher of video games and home computing magazines in the UK, France, Italy and the US; and, ranks as the fourth largest magazine publisher in the UK. Future employs over 1,400 people in offices in Bath, London, San Francisco, New York, Paris, Milan, Munich and Rotterdam. Future was floated on the London Stock Exchange in June 1999 and has a current market capitalisation of over £1 billion. Future's internet activities (FutureNet) serve the PC, Mac, Games, Music and Football communities in the US and the UK with sites like maximumpc.com, maximumpc.co.uk, macdaily.com, dailyradar.com, samplenet.co.uk, and ufn.co.uk. Future's websites and web networks provides rich, community and information-based services to people in these and related markets worldwide. The network model is simple, but effective: Aggregate content (from Future's own magazines and from other sites which become affiliated into the online networks) and provide services (such as e-commerce, auctions, e-mail and discussion forums) to build high traffic in concentrated areas that will be of great value to marketers.

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