Future plans £6.7m web investment

[Keyword: , ]. That’s “more than half of its planned new product development spend,” reports Media Week, as the company “seeks to stabilise the business after announcing pre-tax losses of £49m in the last financial year.”

Chief executive Stevie Spring is quoted as saying: “Over the past two years, we spent all of our money on acquisitions to fill in gaps, but they didn’t deliver. It’s clear that our core business needed time and cash and we will be moving staff into our growth areas wherever we can.”

Save this story on del.icio.us / Digg this story


Paul Bradshaw lectures on the Journalism degree at UCE Birmingham media department. He writes a number of blogs including the Online Journalism Blog, Interactive PR and Web and New Media

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.