United Business Media Sells UK Automotive Titles to Newsquest
LONDON, September 16 -- United Business Media plc ("UBM") announces today that it has concluded a definitive agreement with Exchange Enterprises Limited, a subsidiary of Newsquest Media Group Limited ("Newsquest") in relation to the sale of Exchange & Mart and Auto Exchange, for GBP50.25 million in cash.
This sale largely completes the programme of significant disposals in line with UBM's stated strategy of realising value from non-core businesses and focusing on investment in high-growth, integrated, specialist markets for professionals and enthusiasts and news distribution.
The disposal of Exchange & Mart and Auto Exchange is not expected to generate any tax liability for UBM and the proceeds will be retained for reinvestment in UBM's other portfolio businesses.
United Business Media
Background
United Business Media plc (http://www.unitedbusinessmedia.com)
UBM is a market leading global provider of specialist business information services to the technology, healthcare, media & entertainment, property and financial services industries. Geographically revenues are generated in Europe (39%), the US (51%) and in Asia (10%).
Operating Companies:
UBM's publishing division companies operate under the CMP name: CMP Media based in the US, CMP Asia based in Asia, CMPMedica in Healthcare markets in Europe and Asia and CMP Information based in the UK. UBM's news distribution business PR Newswire operates globally, from a US base.
Customers
UBM's market leading - typically ranked number one or two - product s serve top blue chip clients in all their end markets including:-
Microsoft, Hewlett Packard, IBM, Astra Zeneca, Forest Laboratories, Pfizer/Pharmacia, Merck & Co, GlaxoSmithKline, Novartis, Cisco, Toyo Shinaku, India Trade Promotions Organisation, China Chamber of Commerce, Sinopharm, Incase, Edelman Worldwide, Porter Novelli, Fleishman Hillard, NASA.
Product Categories
Publications
- Over 160 magazines, 110 countries, 4m readers, 4,500 advertisers
Events
- Over 300 events, 1.3m visitors, 2,500 exhibitors, from 120 countries
Directories
- Over 50 directories, over 750 thousand recipients, in over 40 countries
Online
- Over 200 websites, 22 million page impressions
News Distribution
- Over 180,000 messages distributed to tens of thousands of media points in 135 countries and in more than 150 languages
- Over 80,000 journalists registered on media-only Web site with 1 million releases viewed monthly
- Over 460,000 journalists profiled in media targeting database
- Over 10,000 print and more than 12,000 online sources, including websites, blogs and databases monitored
- Over 150 queries distributed to more than 12,000 public relations and
information officers from reporters researching stories
- Leading broadcast public relations and multimedia company
Product Brands
CMP Media
www.cmpmedia.com
Information Week, CRN, EE Times, Network Computing, VARBusiness, TechWeb, Consultant Magazine, Game Developer Conference, Embedded Systems Conference, Xchange Conferences, Guitar Player, Health & Beauty America, Seatrade Cruise Shipping Convention,
CMP Information
www.cmpinformation.com CPHI, Building, Furniture Show, Property Week, Farmer's Guardian, FIE, Ifsec, Health & Safety, Pulse, Daltons Weekly, Trade It, Trader, Opportunities, Private Villas, This Caring Business, ECM
CMPMedica
www.asia.cmpmedica.com
Vidal, Journal du Medicin, Gelbeliste, Vademecum, Medical Observer, Carnets de Sante, MIMS, Kassenarzt, Medex, MedServe
CMP Asia
www.cmpasia.com
Asia Pacific Leather Fair, Cosmoprof Asia, Hong Kong Jewellery and Watch Fair, Health Industry News, Jewellery News Asia, Tokyo Intnl Health Industry Show.
Michael Waring, United Business Media, +44-207-921-5031. Susan Donovan, United Business Media, +44-207-921-5961. Brett Jacobs, Citigate Dewe Rogerson, +44-207-638-9571. Chris Barrie, Citigate Dewe Rogerson, +44-207-638-9571