1st Mar 2011 07:02
1 March 2011
UBM disposes of UK licensed trade portfolio
United Business Media Limited today announces that it has signed an agreement to dispose of its UK licensed trade portfolio to William Reed for an initial cash consideration of £1.5m and further deferred performance-related consideration of up to £150,000. UBM is selling the portfolio on behalf of its UBM Connect division. The transaction is expected to close within a month, subject to the conclusion of a TUPE consultation process.
The sale of the portfolio - which comprises The Publican print magazine title, websites and awards event, together with the Theme and Bar Show brands - augments William Reed's existing portfolio serving this market.
This transaction involves a total of 14 staff transfering to William Reed in accordance with the application of TUPE.
- Ends - Contacts Media 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/Investors Kate Postans Head of Investor Relations Email [email protected] Telephone +44 20 7921 5940 Notes to Editors1. UBM
UBM focuses on two principal activities: worldwide information distribution, targeting and monitoring; and the development and monetisation of B2B communities and markets. UBM's businesses inform markets and serve professional commercial communities - from doctors to game developers, from journalists to jewellery traders, from farmers to pharmacists - with integrated events, online, print and business information products. Our 5,900 staff in more than 30 countries are organised into specialist teams that serve these communities, bringing buyers and sellers together, helping them to do business and their markets to work effectively and efficiently.
For more information, go to www.ubm.com
2. UBM Connect
UBM Connect provides B2B media solutions for the specialised markets of agriculture, travel, music industry, managed care, sound reproduction & broadcast technology industry and professional business transfer agents.UBM Connect contains some the best-known and respected media brands in the UK and are at the heart of their business communities. The traditionally strong print brands of Farmers Guardian, TTG, Music Week, Caring Business, Pro-Sound News Europe and Daltons have also migrated onto online and face-to-face media platforms - these publications have a total circulation of 160,000 readers and subscribers, while their respective websites typically generate 2.3 million page impressions a month.
For more information, go to http://www.ubminformation.com/ubmconnect
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