LONDON, July 20 /PRNewswire-FirstCall/ -- United Business Media ("UBM")
(LSE: UBM) today announced that it has agreed to sell its 35.4% shareholding
in Channel 5 Television Group Limited ("Five") to the RTL Group ("RTL") for
GBP247.6m in cash, equivalent to a valuation of GBP700m for 100 per cent of
Five. In 2004 under UK GAAP accounting Five generated GBP288.8m of revenue and
GBP19.5m of operating profit. RTL's acquisition of UBM's stake is subject to
regulatory approval and is expected to be completed in the Autumn. The
disposal of Five is not expected to generate any tax liability for UBM. The
proceeds will be retained for reinvestment in UBM's businesses.
UBM CEO, David Levin, said:
"The disposal of Five is another action taken to bring focus to UBM. UBM
is a leading global provider of news distribution and specialist information
services for the business to business and enthusiast markets. UBM actively
brings buyers and sellers together by providing targeted multi-platform
marketing solutions - across publications, events and online."
UNITED BUSINESS MEDIA
Background
United Business Media plc (http://www.unitedbusinessmedia.com)
UBM is a market leading global provider of specialist business information
services to the technology, healthcare, media & entertainment, property and
financial 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
based in the US, CMP Asia based in Asia, CMPMedica in Healthcare markets in
Europe and Asia and CMP Information based in the UK. UBM's news distribution
business PR Newswire operates globally, from a US base.
Customers
UBM's market leading -- typically ranked number one or two -- products
serve top blue 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,
India Trade Promotions Organisation, China Chamber of Commerce, Sinopharm,
Incase, Edelman Worldwide, Porter Novelli, Fleishman Hillard, NASA.
Product Categories
Publications
- Over 160 magazines, 110 countries, 4m readers, 4,500 advertisers
Events
- Over 300 events, 1.3m visitors, 2,500 exhibitors, from 120 countries
Directories
- Over 50 directories, 35,000 readers, in over 40 countries
Online
- Over 200 websites, 22 million page impressions
News Distribution
- Over 180,000 messages, in 135 countries, in more than 150 languages
- Over 460,000 journalists, monitoring message boards with over 25m users
Product Brands
CMP Media
http://www.cmpmedia.com
Information Week, CRN, EE Times, Network Computing, VARBusiness, TechWeb,
Consultant Magazine, Game Developer Conference, Embedded Systems Conference,
Xchange Conferences, Guitar Player, Health & Beauty America, Seatrade Cruise
Shipping Convention
CMP Information
http://www.cmpinformation.com
CPHI, Building, Furniture Show, Property Week, Farmer's Guardian, FIE,
Ifsec, Health & Safety, Pulse, Daltons Weekly, Trade It, Trader,
Opportunities, Private Villas, This Caring Business, ECM
CMPMedica
http://www.asia.cmpmedica.com
Vidal, Journal du Medicin, Gelbeliste, Vademecum, Medical Observer,
Carnets de Sante, MIMS, Kassenarzt, Medex, MedServe
CMP Asia
http://www.cmpasia.com
Asia Pacific Leather Fair, Cosmoprof Asia, Hong Kong Jewellery and Watch
Fair, Health Industry News, Jewellery News Asia, Tokyo Intnl Health Industry
Show.
PR Newswire
http://www.prnewswire.com
MultiVu, MediaAtlas, eWatch, Profnet, US1
This press release includes statements which are not historical facts and
are considered "forward-looking" within the meaning of Section 27 of the
Securities Act of 1933, as amended. These forward-looking statements reflect
UBM's current views about future events, business and growth strategy and
financial performance. These forward-looking statements are identified by
their use of terms and phrases such as "believe," "expect," "plan,"
"anticipate," "on target" and similar expressions identifying forward-looking
statements. Investors should not rely on forward-looking statements because
they are subject to a variety of risks, uncertainties and other factors that
could cause actual results to differ materially from UBM's expectations. UBM
expressly does not undertake any duty to update forward-looking statements.
Management does not attempt to update forecasts unless conditions materially
change.
SOURCE United Business Media Plc
 back to top
Related links:
http://www.unitedbusinessmedia.com
CONTACT:
Michael Waring, United Business Media, Tel:
+44-20-7921-5031; or Colin Browne, The Maitland Consultancy, Tel:
+44-20-7379-5151
|
