1st Jun 2006 07:00
United Business Media acquires Cable Digital News Inc. United Business Media plc announced today that it has acquired Cable DigitalNews Inc. for a cash consideration of $300,000.Cable Digital News, www.cabledigitalnews.com, is a 10 year-old online B2B mediabusiness providing news and analysis of the North American cable industry. Thesite attracts more than 20,000 unique visitors a month from the cableindustry's professional community. Cable Digital News will be immediatelyintegrated into Light Reading, www.lightreading.com, CMP Technology's onlinetelecommunications technology and services platform. Cable Digital News extendsLight Reading's editorial content and readership, in particular enabling LightReading to further enhance its coverage of all IP-based communications networksand services.In addition to the initial consideration, the acquisition includes a potentialmaximum earn-out of $100,000, subject to performance criteria over the next sixmonths. - Ends - ContactsMedia Peter Bancroft Director of Communications E-mail [email protected] Direct telephone +44 20 7921 5961 Chris Barrie Citigate Dewe Rogerson E-mail [email protected] Direct telephone +44 20 7282 2943 Mobile +44 796 872 72 89 Analysts Catherine Southgate Head of Investor Relations Email [email protected] Direct telephone +44 20 7921 5031 Notes to Editors1. About United Business Media plcUnited Business Media is one of the world's leading global business informationcompanies. UBM brings together the world's buyers and sellers, helping theirmarkets work effectively and efficiently through PR Newswire's newsdistribution network and CMP's portfolio of events, print and on-linepublications. For more information, go to www.unitedbusinessmedia.comAbout PR Newswire - PR Newswire is the world's leading corporate newsdistribution service. Headquartered in New York, PR Newswire distributes newsglobally on behalf of over 40,000 customers, including many of the world's topcompanies and agencies, helping them take the latest news to the media, theinvestment community, and the general public. For more information, go to www.prnewswire.comAbout CMP - CMP's portfolio of more than 200 newspapers, magazines anddirectories, 200 websites and 300 events brings together buyers and sellersfrom a range of global sectors including technology, healthcare, the builtenvironment, lifestyle, fashion and ingredients.CMP operates globally through four divisions:CMP Technology - CMP Technology is the USA's leading high tech B2B mediacompany, providing marketing solutions for the global technology industry.Through its market-leading portfolio of trusted information brands, CMPTechnology has earned the confidence of more technology professionals than anyother media company. As a result, CMP Technology is the premier provider ofaccess, insight and actionable programs designed to connect sellers and buyersin ways that yield superior return on investment. For more information, go to www.cmp.comCMPMedica: CMPMedica provides information and education to healthcareprofessionals and patients around the world. It has a unique portfolio ofprofessional media products including newspapers, magazines, drug directories,electronic databases, websites and events. For more information, go to www.cmpmedica.com CMP Information: Operating in the UK and internationally, CMPi providesprofessional media solutions to around 20 industry sectors. Its productsinclude magazines, exhibitions, conferences, awards programs, informationproducts and websites, targeted at business professionals across a range ofmarkets such as the built environment, travel, licensed trade, agriculture,security and ingredients. For more information, go to www.cmpi.bizCMP Asia: Headquartered in Hong Kong with offices throughout the region, CMPAsia is a leader in exhibitions and online and print business informationpublications for Asian markets. Working with partners from around the world,CMP Asia stages a range of leading events which includes the largestinternational jewellery, leather and fashion, beauty and furniture trade showsin Asia, as well as the definitive health show for the Japan market. For moreinformation, go to www.cmpasia.comENDUNITED BUSINESS MEDIA PLCRelated Shares:
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