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Tuesday, March 04, 2008

UBM is an Exhibitions Company Shock

While on the subject of UBM we should note their interim results. I'll translate. 70% of profits come from events. UBM is an events company then - not a publishing company. £20m of profit was eliminated beacuse fo the weak dollar - UBM are very exposed to this. Publishing continues to decline and not to much mention is made of electronic and digital profits to come.

UBM enjoys a rating as a business media player. In truth it is an exhibition organiser with a bit of pubishing going on.

Will the UK CMPi business survive? I'll bet that som thought is going into a review of its future. With focussed CEO action on CMP in the USA (see report below) and almost all the profit coming from shows and conferences, I doubt that the magazine and publishing business will stay long in UBMs ownership

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posted by Businessmediablogger @ 7:57 am 0 comments

United Business Media Changes CMP

United Business Media has begun to wrestle with the challenges of CMP. This was acquired from the Leedes family at the height of the tech boom in the last century. It has been in trouble almost ever since. The recovery in the tech market has helped the business make progress in the last couple of years. The latest wheeze is to divide the entrerprise into four bits, the old publishing bit, http://www.techweb.com/, a business devoted to the channels sector http://www.everythingchannel.com/, a business devoted to the electronics sector http://www.techinsights.com/, and a workflow businesss http://www.think-services.com/.

This dressed up as a big announcement but is little more than an internal reorganisation. Interestingly David LEvin is taking the direct reports of each of the section CEO's implying a high level of high level interference and meddling, something for which Levin is oft accused by those who have worked with him

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posted by Businessmediablogger @ 7:40 am 0 comments