Future Publishing has reported a steep fall in profits and is blaming it on poor performance of its US media properties, reports Gamesindustry.biz. The UK publishing house reported a 61 percent drop in profits for its 2009 fiscal year ending September. The company blames slumping revenues at its US magazines Nintendo Power, Official Xbox Magazine and PlayStation: The Official Magazine, as well as videogame news sites Edge Online and GamesRadar. It says revenues from US game media properties declined 13 percent for the year. Meanwhile the UK side of its business outperformed the market, increasing profits on a much smaller revenue decline of eight percent. Future CEO Stevie Spring commented to GI.biz that the publisher is expecting more troubles in 2010 and is taking a cautious view. Read more at Gamesindustry.biz.