diff --git a/NEWS b/NEWS
index 0412aabcd..6d4a88ebb 100644
--- a/NEWS
+++ b/NEWS
@@ -1,4 +1,4 @@
-next
+1.2
 =====
 * screen capture performance updates
 * screen capture - added cursor capture (X11)
@@ -17,6 +17,13 @@ next
 * RTDXT compress now runs on Intel graphics cards (Linux)
 * OpenGL - key shortcuts for screenshot and pause
 * added audio compression
+* added CUDA RGB(A)->UYVY transformation, JPEG->DXT1/5 transcoder
+* added CUDA DXT compression
+* support for DELTACAST DVI/HDMI cards
+* GLSL stuff (eg. RTDXT) now runs on Mac and Windows
+* added video capture filters - blanking (anonymization) and frame
+  dropping
+
 
 1.1
 =====
diff --git a/configure.ac b/configure.ac
index 61e141d91..254df2cba 100644
--- a/configure.ac
+++ b/configure.ac
@@ -1,6 +1,6 @@
 dnl Process this file with autoconf to produce a configure script.
 
-AC_INIT([UltraGrid], [1.1], [ultragrid-dev@cesnet.cz])
+AC_INIT([UltraGrid], [1.2], [ultragrid-dev@cesnet.cz])
 AM_INIT_AUTOMAKE([1.10])
 AC_PREREQ(2.61)
 AC_CONFIG_SRCDIR([src/main.c])