Manufacturing Industry
UNITED BUSINESS MEDIA PLC - UBM to sell Automotive Titles.
PR Newswire UK Disclose, June, 2005
30 June 2005
United Business Media to sell UK Automotive Titles
United Business Media plc ("UBM") today announced its intention to sell
Exchange & Mart and Auto Exchange. This decision is the outcome of a review of
UAP's portfolio, following a recent UBM reorganisation. The review determined
that these titles would be more valuable to other organisations and therefore
that a sale is in the best interests of UBM shareholders, with proceeds to be
reinvested in UBM's core businesses.
In 2004, the UAP automotive titles now for sale generated [pounds sterling]35.8m of revenue,
online page impressions on the Exchange & Mart website averaged well over 5
million per month, and Auto Exchange held a 70 per cent share of free pick-up
magazines and achieved a 7...
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