How The apos;magazine Queen apos; Transformed Future Into A £2.2bn Empire
Her pay has attracted criticism, however. At Future's past two shareholder meetings, it has faced significant rebellions over a bonus package which could net Byng-Thorne, already one of Britain's best paid chief executives, up to £40million.
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Davidson said the latest update showed the 'unjustifiable' fall in Future's shares was driven by market jitters, not the performance of the business, adding: 'The business has transformed from a publisher heavily reliant on print advertising to a multi-platform media business generating the largest proportion of its revenue from digital advertising.'
'Rather than offering magazines designed to cater for mass consumption, there has been a razor-sharp focus on creating respected content on specialist subjects, such as gaming, which has been a big draw for advertising partners.'
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Speaking to the Daily Mail, Byng-Thorne said: 'We have built a consistent track record of doubling our business every couple of years, and are excited about our ability to sustain our growth as we aim to reach one in two people online in the US.
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But the 'magazine queen' - as she has been dubbed - has since transformed the publisher into a £2.2billion empire of 250 titles including everything from Country Life and Marie Claire to TechRadar and FourFourTwo.
Roddy Davidson, from Shore Capital, said Byng-Thorne and her team deserve 'a lot of credit' for their turnaround of the business. And she has been rewarded handsomely, taking home £35.6million in the past eight years.
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