2005 News Releases
United Business Media sells UK Automotive titles to Newsquest
16 September
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 £50.25 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.
Enquiries:
| Michael Waring | United Business Media | 020 7921 5031 |
| Susan Donovan | United Business Media | 0207 921 5961 |
| Brett Jacobs | Citigate Dewe Rogerson | 0207 638 9571 |
| Chris Barrie | Citigate Dewe Rogerson | 0207 638 9571 |
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 - products
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 1million
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.
PR Newswire
www.prnnewswire.com
MultiVu, MediaAtlas, eWatch, Profnet, US1.