7th Feb 2005 07:00
For immediate release 7th February 2005 United Business Media acquires leading UK specialist publications and events United Business Media today announced it has acquired the licensed trade sectorpublishing and events assets of Quantum Business Media, including the leadingtitle in the licensed trade - `The Publican'.These market leading assets will become part of United Advertising Publications("UAP") and will complement Daltons Weekly and strengthen further UAP'sservices to the business sector. Integration into UAP's operationalinfrastructure will reduce overheads and generate cross-selling opportunities.The purchase price is ‚£21m million in cash. In 2004 the business generated ‚£6.8m of turnover and (based on an assumed overhead for the stand alonebusiness) ‚£2.2m of profit before tax. The proposed acquisition should beearnings enhancing in its first twelve months and is expected to exceed UBM'shurdle rate of return in its first year.UAP Chairman, Charles Gregson, said"These leading licensed trade publishing assets will give further breadth anddepth to the range of specialist products available to UAP's business clients.The financial case is attractive and we have identified operating efficienciesand the opportunity to develop new and existing revenues streams."For further information, please contact: Michael Waring United Business Media 07775 788 628 Colin Browne The Maitland Consultancy 020 7379 5151 Notes to Editors: Related Websiteswww.quantumbusinessmedia.comwww.unitedadvertising.co.ukwww.unitedbusinessmedia.comThe PublicanThe Publican Newspaper is the leading title in the licensed trade and hugelyrespected among trade organisations, pub companies, brewers and suppliers tothe trade.The Publican is seen as the voice of the industry and is totally committed tohelping the industry to operate more profitably. Perceived as the best weeklysource of industry news, features and research, it is a must read for anyoneworking in the licensed trade.Related events/products includewww.thepublican.comThe Publican AwardsThe Publican ConferencePub Industry HandbookFlavourPub & BarUnited Advertising Publications (UAP)From 22 locations around the UK UAP produces magazines and websites serving adiverse range of trading markets. UAP prints almost 1,000,000 magazines a week- all designed to help businesses and individuals to buy and sell products andservices. UAP's magazines are distributed through newsagents, by post andthrough free pick up in supermarkets and petrol stations - a distributionprocess pioneered by Auto Exchange magazine.UAP's magazines and websites are dedicated primarily to publishingadvertisements but also have editorial. Almost every commercial aspect ofbusiness and private life is covered; from Trade-It's local readers in Bristolselling anything domestic (including the kitchen sink!) to internationaltransactions such as selling a complete business via the internet from Daltonsbusiness.com. And, there are the thousands of cars advertised for saleeach week in Exchange & Mart.United Business Media plc (http://www.unitedbusinessmedia.com) is a leadingprovider of business information services to the technology, healthcare, media,automotive, financial services and property industries. UBM offers services innews distribution, market research, publishing and events to customers acrossthe globe. Its brands include PR Newswire, the world's leading corporate newsdistribution service; NOP World, one of the largest market research groupsglobally; and CMP, the B2B media and exhibition group operating in high tech,healthcare, property, entertainment, jewellery & fashion in the US, UK, Asiaand Europe.This press release includes statements which are not historical facts and areconsidered "forward-looking" within the meaning of Section 27 of the SecuritiesAct of 1933, as amended. These forward-looking statements reflect UBM's currentviews about future events, business and growth strategy and financialperformance. These forward-looking statements are identified by their use ofterms and phrases such as "believe," "expect," "plan," "anticipate," "ontarget" and similar expressions identifying forward-looking statements.Investors should not rely on forward-looking statements because they aresubject to a variety of risks, uncertainties and other factors that could causeactual results to differ materially from UBM's expectations. UBM expressly doesnot undertake any duty to update forward-looking statements. Management doesnot attempt to update forecasts unless conditions materially change.ENDRelated Shares:
UBM