UBM plc
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| Type | Public limited company (LSE: UBM) |
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| Industry | Media |
| Founded | 1918 |
| Headquarters | Ludgate House, London, United Kingdom |
| Key people | John Botts, (Chairman) David Levin, (CEO) |
| Products | Magazines Exhibitions News Distribution |
| Revenue | £889.2 million (2010)[1] |
| Operating income | £143.2 million (2010)[1] |
| Net income | £99.4 million (2010)[1] |
| Website | www.ubm.com |
UBM plc (LSE: UBM) is a global live media and business-to-business communications, marketing service and data provider, serving specialist business communities, principally to the technology, healthcare, trade and transport, ingredients and fashion industries. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
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[edit] History
The company was founded in 1918 as United Newspapers[2] by David Lloyd George to acquire the Daily Chronicle and Lloyd's Weekly Newspaper. In 1929, the company merged with Provincial Newspapers, an owner of regional papers in the north; the next year, it sold its national papers. The company continued for decades as a regional newspaper publisher, making acquisitions such as Yorkshire Post Newspapers in 1969.
The history of the companies that now make up UBM stretches back almost two hundred years to the Journal of Commerce which was founded and first published by Samuel Morse in 1827. Today, the Journal of Commerce is produced in both print and digital formats by UBM Global Trade. UBM businesses still publish many other titles that were launched in the 19th century, including Building magazine, launched in 1843 by Joseph Hansom, as well as Chemist & Druggist.[3]
It acquired PR Newswire in 1982.[2] In 1985 it bought Express Newspapers and continued to publish the Daily Express for some 15 years.[2] It changed its name to United News & Media in 1995,[2] sold its regional papers in 1998, and bought CMP Media in 1999 for $920 million.[2] In 2000, it sold the Daily Express to Richard Desmond and adopted the name of United Business Media. It went on to acquire Commonwealth Business Media for $152 million in 2006.[4]
In 2005 UBM re-focused on two principal businesses: PR Newswire, a global news distribution business; and CMP, an international events, print and online publishing business. It disposed of NOP which was acquired by GFK for £383 million in 2005. [5]
In September 2006, NewBay Media acquired CMP Entertainment Media from United Business Media [6]
On 1 July 2008, as part of a reorganisation of the corporate structure of the Group, United Business Media Limited (UBML) was created as a new holding company and parent company of the Group. UBML is UK-listed and incorporated in Jersey.[7]
In 2010 the principal holding company of the United Business Media group (the “Group”) was organised in to five operating segments: [8] Events, TD & M, Data Services, Online and Print. [9]
In September 2010, Canon Communications announced that it had agreed to be acquired by UBM.[10]
In May 2011, United Business Media officially changed its name to UBM plc.[11]
[edit] Operations
The Company distributes news and information and also offers media products to customers.[12] Its businesses are UBM Channel, RISI, PR Newswire, UBM Asia, UBM Aviation, UBM Built Environment, UBM Canon, UBM Conferences, UBM Connect, UBM Electronics, UBM Global Trade, UBM Live, UBM Medica, UBM Awards, UBM Studios, UBM TechInsights, and UBM TechWeb. It also included CMP Information (CMPi) which was split into five separate businesses in 2008.[13] It is also a major shareholder of ITN and Press Association.
The Company's media properties include:
- 4G World
- Barbour ABI
- Barbour Product Search
- Black Hat Briefings
- Building
- Building Design
- CRN Magazine
- Datasheets.com
- Dr Dobbs Journal
- EDN
- EE Times
- Farmers Guardian
- Game Developers Conference, Game Developer magazine, Gamasutra
- Information Week
- Internet Evolution
- Interop
- Medical Devices & Diagnostics Industry
- Official Airline Guide
- Official Guide of the Railways
- Packaging Digest
- PharmaLive
- PlasticsToday
- Property Week
- Psychiatric Times
- Pulse
- Qmed
- Test & Measurement World
- The BrainYard
- The Journal of Commerce
- Travel Trade Gazette
It main competitors are International Data Group, Reed Elsevier and Nielsen.
[edit] References
- ^ a b c Annual Report 2010
- ^ a b c d e UBM: History
- ^ UBM History
- ^ United Business Media buys Commonwealth Business Media for $152 million
- ^ [1]
- ^ UBM Has Sold CMP Entertainment Media to The Wicks Group, The Jordan, Edmiston Group, 13 September 2006 (retrieved 19 September 2010)
- ^ Annual report of UBML 2008/9 page 62.
- ^ Notes to the parent company financial statements at 31 Dec.2010 P146.
- ^ Notes to the consolidated Finacnial statements 3 P88.
- ^ Canon Communications to be Sold to United Business Media; Transaction Expands Global Reach of Canon's Advanced Manufacturing and Design Focus
- ^ United Business Media name change to UBM plc
- ^ United Business Media: Our businesses
- ^ MP Information reorganised into five independent media and information businesses
[edit] External links
- Official website
- UBM Tradeshow and Conference event listings
- UBM MediaRoom site
- UBM Investor Relations site
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