UBM plc
| UBM Logo | |
| Company type | Public (LSE: UBM) |
|---|---|
| ISIN | JE00BD9WR069  |
| Industry | Media |
| Founded | 1918 |
| Headquarters | Ludgate House, London, England |
Key people | John Botts, (Chairman) David Levin, (CEO) |
| Products | Magazines Exhibitions News Distribution |
| Revenue | £847.6 million (2009)[1] |
| £143.7 million (2009)[1] | |
| £81.8 million (2009)[1] | |
| Website | www.ubm.com |
United Business Media (LSE: UBM) is a business providing business information services principally to the technology, healthcare, media, automotive and financial services industries. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
History
The Company was founded in 1918 as United Newspapers.[2] 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] and bought CMP Media in 1999 for $920 million.[2] In 2000, it sold the Daily Express to Richard Desmond and adopted its current name of United Business Media. It went on to acquire Commonwealth Business Media for $152 million in 2006.[3]
The history of the companies that now make up United Business Media stretches back almost two hundred years to the Journal of Commerce which was founded and first published by Samuel Morse - of Morse Code fame - 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.[4]
In September 2006, NewBay Media acquired CMP Entertainment Media from United Business Media which included the magazines Guitar Player, Bass Player, Keyboard, Pro Sound News, Systems Contractor News, Residential Systems, Videography, Government Video, DV, Technology & Learning, and Television Broadcast.[5]
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.[6]
In September 2010, Canon Communications announced[7] that it had agreed to be acquired by UBM.
Operations
The Company distributes news and information and also offers media products to customers.[8] Its businesses include PR Newswire, UBM Global Trade, UBM Aviation, UBM Asia, UBM Canon, CMPMedica, UBM TechWeb, Everything Channel, TechInsights, and the Miller Freeman publishing imprint. It also included CMP Information (CMPi) which was split into five separate businesses in 2008[9], UBM International Media, UBM Live, UBM Built Environment, UBM Connect and UBM Conferences.
It is also a major shareholder of ITN and Press Association.
The Company's media properties include:
- EE Times
- The Journal of Commerce
- Official Airline Guide
- Official Guide of the Railways
- Building
- Information Week
- Dr Dobbs Journal
- CRN Magazine
- Travel Trade Gazette
- The Publican
- Farmers Guardian
- Property Week
- Music Week
- Daltons
- Game Developers Conference, Game Developer magazine, Gamasutra
- Barbour ABI, Barbour Product Search
It main competitors are International Data Group, Reed Elsevier and Nielsen.
References
- ^ a b c Preliminary Results 2009
- ^ a b c d e United Business Media: History
- ^ United Business Media buys Commonwealth Business Media for $152 million
- ^ UBM History
- ^ 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.
- ^ Canon Communications to be Sold to United Business Media; Transaction Expands Global Reach of Canon's Advanced Manufacturing and Design Focus
- ^ United Business Media: Our businesses
- ^ CMP Information reorganised into five independent media and information businesses
External links
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