Following the departure of its CEO and CFO
, Future Publishing's new CEO, Mark Wood, has a plan: The UK-based company will combine resources with its US branch, merging the two together. Wood hopes this move will "enable us to operate more efficiently and return the U.S. business to profitability." Future's US branch is responsible for Nintendo Power
, PlayStation: The Official Magazine
, among others.
Future has been planning to shift its resources away from print
to online for a few months now, following significant year-over-year losses. "The changes will also mean that we can accelerate our transition to a digital business model and start to sell our entire range of digital content to high-value audiences in the U.S. and other key markets," Wood added.