16th Sep 2005 14:28
Incisive Media PLC16 September 2005 Not for release, publication or distribution, in whole or in part, in or intothe United States, Canada, Australia, Ireland or Japan.16 September 2005 INCISIVE MEDIA PLC ("Incisive Media") ACQUISITION OF GLOBAL PROFESSIONAL MEDIA LIMITED Further to the announcement made on 2nd August that Incisive Media was inexclusive discussions with Global Professional Media Limited ("GPM") to acquirethe approximately 80% interest in GPM not already owned by the Incisive MediaGroup for a cash consideration of approximately £5.7 million, it was todayannounced that this acquisition has now been completed. GPM publishes one of the leading weekly trade publications for lawyers, LegalWeek and a targeted selection of successful brand extensions, awards, forums,websites and research reports. GPM generated revenues of £4.5 million in 2004. This acquisition represents a strong platform for Incisive Media to build itsbusiness model in the legal market. The board of Incisive Media believes the acquisition will be earnings enhancingin the first full year of ownership. Tim Weller, Chief Executive of Incisive Media, commented: 'We are delighted tohave completed this acquisition. Serving an attractive end market, Legal Weekhas been successful to date and is a leading legal trade title. We intend tobuild on that success by extending the brand internationally, in print, inperson and online.' END For further information please contact: Tim Weller +44 (0) 20 7484 9970Chief Executive [email protected] Media PLCwww.incisivemedia.com Anthony Payne +44 (0) 20 7484 9983Peregrine +44 (0) 7930 643 983Communications [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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