Future Publishing, the UK arm of Future Network, is to decentralise
its operation into separate units from today.
The shake-up is designed to give individual publishing directors greater
freedom and accountability, according to Future Network's chief
operating officer Colin Morrison.
Citing Emap as a group that has followed this model, he said: 'There is
a great advantage to run it almost as three companies.'
But Morrison, who has been in situ for two months, denied the changes
reflected badly on the recent management of Future.
'Companies can valuably go through major change every three or four
years,' he said. Recent financial pressure on Future meant that
everything was being revisited, he said.
Mike Frey, who was appointed MD of Future Publishing one year ago, is
leaving 'to pursue other opportunities'. Last month, the company closed
its flagship title Business 2.0.
This split creates the games division, the business, internet and
creative division, and the sports, entertainment and living division.
Previously, the company ranged between four and six business units, with
more centralised decision-making.
Morrison said: 'They will be taking more and more of their own
decisions, being more responsible for profit and loss. These businesses
can be difficult but they are not complicated and my objective is to
make these relationships accountable.'
Future's reputation as a frequent publisher of new products would remain
intact, he said.
Areas such as print and paper buying, IT and finance will continue to be