UBM news releases
United Business Media sells non-core UK publications
May 15, 2006
United Business Media plc announced today that CMPi, UBM's UK and European professional media business, has sold a number of publications for a total cash consideration of £14.6m.
Industrial Equipment Market and The Trader have been sold to Metropolis International (UK) Limited for £9m.
Trade-It has been sold to Friday-Ad Limited for £4m.
Two directories, The Knowledge and Benn’s Media, have been sold to Wilmington Group plc for £1.6m.
- Ends -
|Peter Bancroft||Director of Communications|
|Direct telephone||+44 20 7921 5961|
|Chris Barrie||Citigate Dewe Rogerson|
|Direct telephone||+44 20 7282 2943|
|Mobile||+44 796 872 72 89|
|Catherine Southgate||Head of Investor Relations|
|Direct telephone||+44 20 7921 5031|
Notes to Editors
1. About United Business Media plc
United Business Media is one of the world's leading global business information companies. UBM brings together the world's buyers and sellers, helping their markets work effectively and efficiently through PR Newswire's news distribution network and CMP's portfolio of events, print and on-line publications. For more information, go to www.unitedbusinessmedia.com.
About PR Newswire - PR Newswire is the world's leading corporate news distribution service. Headquartered in New York, PR Newswire distributes news globally on behalf of over 40,000 customers, including many of the world's top companies and agencies, helping them take the latest news to the media, the investment community, and the general public. For more information, go to www.prnewswire.com.
About CMP - CMP's portfolio of more than 200 newspapers, magazines and directories, 200 websites and 300 events brings together buyers and sellers from a range of global sectors including technology, healthcare, the built environment, lifestyle, fashion and ingredients. Our customers come to us for direct access to their key audiences: business decision-makers.
CMP operates globally through four divisions:
CMP Media - the USA's leading high tech B2B media company and provider of healthcare education and information. For more information, go to www.cmpmedia.com.
CMP Information: the European magazine and events business, based in the UK. For more information, go to www.cmpinformation.com.
CMP Asia: a leader in exhibitions and publications in key markets in Asia. For more information, go to www.cmpasia.com.
CMPMedica: leading drug information provider, pharmaceutical marketing solutions including medical information and trade press in Europe and Asia. For more information, go to www.cmpmedica.com.
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