Future US, Inc., the San Francisco-based subsidiary of Future plc (www.futureplc.com), has sold its US Music Division, including Guitar World, Revolver and Guitar Aficionado and the related web sites and events, to NewBay Media LLC (“NewBay”) (www.nbmedia.com).  The sale of the US Music Division is consistent with Future plc’s strategy to reduce its scale of exposure to the US, which it set out during the release of its preliminary financial results. 

Mark Wood, CEO Future plc, said, “Guitar World, Revolver and Guitar Aficionado are outstanding magazines, which have made a tremendous contribution to Future’s US business.  NewBay Media, with its strong market position and passion for music, is now the perfect home for these superb brands.”

The acquisition establishes NewBay Media as the world’s leading publisher of guitar magazines, digital media, and events.  “These titles, and the talented team behind them, represent the pinnacle of guitar enthusiast publishing, and we are thrilled to welcome them into the NewBay family,” stated Steve Palm, CEO, NewBay Media.

JEGI represented Future plc in this transaction and acted as its exclusive financial advisor. For more information, click here.