2nd Sep 2005 13:35
For immediate release 2 September 2005 United Business Media Completes Sale of Stake in Five. United Business Media ("UBM") today announced that it has completed the sale ofits 35.4% shareholding in Channel 5 Television Group Limited ("Five") to theRTL Group ("RTL") for ‚£247.6m in cash. The agreement to sell this stake wasannounced on 20 July 2005. In 2004 under UK GAAP accounting Five generated ‚£288.8m of revenue and ‚£19.5m of operating profit. The disposal of Five is notexpected to generate any tax liability for UBM. The proceeds will be retainedfor reinvestment in UBM's businesses.UBM CEO, David Levin, said"The disposal of Five was another action taken to bring focus to UBM. UBM is aleading global provider of news distribution and specialist informationservices for the professional and enthusiast markets. UBM actively bringsbuyers and sellers together by providing targeted multi-platform marketingsolutions - across publications, events and online".For further information, please contact:Michael Waring United Business Media 020 7921 5031 Colin Browne The Maitland Consultancy 020 7379 5151 UNITED BUSINESS MEDIABackgroundUnited Business Media plc (http://www.unitedbusinessmedia.com)UBM is a market leading global provider of specialist business informationservices to the technology, healthcare, media & entertainment, property andfinancial services industries. Geographically revenues are generated in Europe(39%), the US (51%) and in Asia (10%).Operating Companies:UBM's publishing division companies operate under the CMP name: CMP Media basedin the US, CMP Asia based in Asia, CMPMedica in Healthcare markets in Europeand Asia and CMP Information based in the UK. UBM's news distribution business PR Newswire operates globally, from a US base.CustomersUBM's market leading - typically ranked number one or two - products serve topblue chip clients in all their end markets including:-Microsoft, Hewlett Packard, IBM, Astra Zeneca, Forest Laboratories, Pfizer/Pharmacia, Merck & Co, GlaxoSmithKline, Novartis, Cisco, Toyo Shinaku, IndiaTrade Promotions Organisation, China Chamber of Commerce, Sinopharm, Incase,Edelman Worldwide, Porter Novelli, Fleishman Hillard, NASA.Product CategoriesPublications- Over 160 magazines, 110 countries, 4m readers, 4,500 advertisersEvents- Over 300 events, 1.3m visitors, 2,500 exhibitors, from 120 countriesDirectories- Over 50 directories, over 750 thousand recipients, in over 40 countriesOnline- Over 200 websites, 22 million page impressionsNews Distribution- Over 180,000 messages, in 135 countries, in more than 150 languages- Over 460,000 journalists, monitoring message boards with over 25m usersProduct BrandsCMP Mediawww.cmpmedia.comInformation Week, CRN, EE Times, Network Computing, VARBusiness, TechWeb,Consultant Magazine, Game Developer Conference, Embedded Systems Conference,Xchange Conferences, Guitar Player, Health & Beauty America, Seatrade CruiseShipping Convention,CMP Informationwww.cmpinformation.comCPHI, Building, Furniture Show, Property Week, Farmer's Guardian, FIE, Ifsec,Health & Safety, Pulse, Daltons Weekly, Trade It, Trader, Opportunities,Private Villas, This Caring Business, ECMCMPMedicawww.asia.cmpmedica.comVidal, Journal du Medicin, Gelbeliste, Vademecum, Medical Observer, Carnets deSante, MIMS, Kassenarzt, Medex, MedServe/CMP Asiawww.cmpasia.comAsia Pacific Leather Fair, Cosmoprof Asia, Hong Kong Jewellery and Watch Fair,Health Industry News, Jewellery News Asia, Tokyo Intnl Health Industry Show.PR Newswirewww.prnnewswire.comMultiVu, MediaAtlas, eWatch, Profnet, US1This 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.ENDUNITED BUSINESS MEDIA PLCRelated Shares:
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