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UBM plc

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UBM plc
Company typePublic limited company
ISINJE00BD9WR069Edit this on Wikidata
IndustryMedia
Founded1918;106 years ago(1918)
FounderDavid Lloyd George
Defunct2018;6 years ago(2018)
FateAcquired byInforma
HeadquartersLondon,England, UK
Key people
  • Greg Lock (Acting Chairman)
  • Tim Cobbold (CEO)
ProductsExhibitions
Marketing services
Revenue£1,002.9 million (2017)[1]
£229.1 million (2017)[1]
£151.7 million (2017)[1]
Number of employees
3,891 (2017)[1]
Websitewww.ubm

UBM plcwas a Britishbusiness-to-business(B2B) events organiser headquartered inLondon,England, before its acquisition byInformain 2018. It had a long history as amultinationalmedia company. Its main focus was on B2B events, but its principal operations includedlive mediaand business-to-business communications, marketing services and data provision, and it principally served the technology, healthcare, trade and transport, ingredients and fashion industries. UBM was listed on theLondon Stock Exchangeand was a constituent of theFTSE 250 Index.

UBM's head office in Blackfriars Road, London

History

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Newspaper interests

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The history of the companies that made upUBMstretches back almost two hundred years. Up until its acquisition UBM businesses published many titles that were launched in the 19th century, includingBuildingmagazine, launched in 1843 by Joseph Hansom, as well asChemist & Druggist.[2]

The company was founded in 1918 asUnited Newspapers[3]byDavid Lloyd Georgeto acquire theDaily ChronicleandLloyd's Weekly Newspaper.In 1929, the company merged with Provincial Newspapers, an owner of regional papers in the north; the next year, it sold its national papers.[4]The company continued for decades as a regional newspaper publisher, making acquisitions such asYorkshire Post Newspapersin 1969.[4]

It acquiredPR Newswirein 1982.[3]In 1985, it bought Express Newspapers and continued to publish theDaily Expressfor some 15 years.[3]Also in 1985, it bought US trade magazine and book publisherMiller Freeman.[5]It changed its name toUnited News & Mediain 1995,[3]sold its regional papers in 1998, and boughtCMP Media,a technology-focused trade media company, in 1999 for $920 million.[3]In 2000, it sold theDaily ExpresstoRichard Desmond,sold most of Miller Freeman toVNUandReed Elsevierand adopted the name ofUnited Business Media.[6][7]United Business Media acquired the trade publisher Aprovia UK (owner ofThe Builder) in 2003 and the medical publishing company MediMedia in 2004.[8][9]

Television interests

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MAI was part of a consortium that bid for the ITV south and south east area, which formedMeridian Broadcastingin 1991. MAI began to expand following the successful launch of Meridian: in 1994 the company boughtAnglia Television,the ITV franchise for the east of England,[10]and the following year became a major shareholder in the consortium that won the franchise forChannel 5.[11]In 1996, MAI merged with United Newspapers (via anagreed takeoverby United) to formUnited News & Media (UNM).The resulting company owned theDaily Expressnewspaper, Meridian, Anglia, and a large shareholding (through theYorkshire Post) inYorkshire Tyne Tees Television,the owners ofYorkshire TelevisionandTyne Tees Television.[12]The stake in Yorkshire Tyne Tees Television was sold toGranada,allowing them to take control of the two franchises in 1997. In November 1997 UBM also launched the now defunct satellite TV ChannelRapture TVwhich focussed on dance music and extreme sports. The channel was put up for sale in 2001, and was eventually brought by Edinburgh-based company Power TV a year later, in April 2002.[13]

United News and Media later agreed to buyScottish Television's 20% stake inHTV[14]and on 28 June 1997, HTV was taken over fully by UNM for £370 million.[15]

In 1999, plans emerged of a merger between UNM and rivalCarlton,[16]however these talks failed when it appeared that Meridian would have to be sold off as a condition of the deal.[17][18]As a result, the television assets of UNM were sold toGranada,however due to regulations stating that the company could not control that large an audience share, the broadcasting arm of HTV was sold to Carlton in exchange for Central's 20% stake in Meridian.[18][19][20]

Reorganisation since 2005

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In 2005 UBM re-focused on two principal businesses: PR Newswire, a global news distribution business; and CMP, an international events, print and online publishing business. It disposed of NOP which was acquired byGfKfor £383 million in 2005.[21]In September 2006,NewBay Mediaacquired CMP Entertainment Media from United Business Media.[22]The trade book operations of CMP were sold toElsevierandHal Leonard.[23][24]It went on to acquire Commonwealth Business Media for $152 million in 2006.[25]On 1 July 2008, as part of a reorganisation of the corporate structure of the Group, United Business Media Limited (UBML) was created as a new holding company and parent company of the Group. UBML is UK-listed and incorporated in Jersey.[26]In 2010 the principal holding company of the United Business Media group (the "Group" ) was organised into five operating segments:[27]Events, TD & M, Data Services, Online and Print.[28]

In 2008, UBM moved its tax headquarters to Ireland, but in 2012, the company announced its intent to move its tax base back to the United Kingdom.[29]

In September 2010,Canon Communicationsannounced that it had agreed to be acquired by UBM.[30]In May 2011, United Business Media officially changed its name to UBM plc.[31]In February 2012Yankee Groupsold its annual 4G World telecoms and wireless trade show[32]to UBM plc[33]where it was incorporated into its UBM Tech division.[34]

Briefing Media[35]acquired UBM plc's UK agriculture and medical general practitioner portfolios for £10 million in February 2012[36]while UBM plc announced the acquisition of four trade shows in Asia for 19.4 million in the same month, marking UBM plc's continuing transformation into an events and B2B marketing services company.[37]In 2012, PA Group, the parent company of thePress Association,sold its 50% stake in Canada Newswire to joint venture partner UBM for £30.1 million.[38]In April 2013, UBM's data services businesses were sold toElectra Partners.[39]

In October 2014, UBM announced it would acquire Advanstar Communications for a fee of $972 million.[40]In November 2014 UBM plc CEO, Tim Cobbold, announced a new Events First strategy[41]By 2015, UBM had rebranded itself as primarily focused on B2B events. Reflecting this, 82 percent of its business in 2016 derived from events and only 18 percent from other marketing services.[42]In December 2015, UBM announced the sale ofPR NewswiretoCisionfor $841 million, subject to regulatory approval. UBM had owned the company since 1982. Some analysts interpreted this as a further step in the transition from a diverse media company to a B2B events company.[43]In June 2016 UBM plc announced the completion of the sale ofPR NewswiretoCision.[44]In the same month UBM reached agreement to divest its electronics media portfolio to an affiliate ofArrow ElectronicsInc. for a cash consideration of $23.5m. The portfolio comprised the US and Asian versions of EE Times, EDN, ESM, Embedded, EBN, TechOnline andDatasheets.[45]

In January 2018Informaannounced the acquisition of the company for £4 billion.[46]The transaction was completed in June 2018.[47]In January 2019, Informa sold several of the UBM Life Sciences publications (includingSpectroscopyandPsychiatric Times) to MJH Associates.[48]

Operations

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UBM was a global B2B events organizer.[49]Its businesses includedUBM Asia,UBM EMEAandUBM Americas.It was also a shareholder ofITNandPress Association.UBM's brands included:

Conferences

Journals(published byTechnology Group)

  • Black Hat
  • Content Marketing Institute
  • Content Marketing World
  • Dark Reading
  • Enterprise Connect
  • Fusion
  • GDC
  • Gamasutra
  • HDI
  • ICMI
  • InformationWeek
  • Interop ITX
  • Network Computing
  • No Jitter
  • VRDC

Other

  • Medical Devices & Diagnostics Industry
  • Packaging Digest
  • PlasticsToday
  • Qmed
  • Routes
  • Security & Fire Excellence Awards

References

[edit]
  1. ^abcd"Annual Report 2017"(PDF).UBM plc.Retrieved30 March2018.
  2. ^"UBM History".Archived fromthe originalon 15 July 2010.Retrieved25 August2017.
  3. ^abcde"UBM".unitedbusinessmedia.Retrieved25 August2017.
  4. ^ab"United Business Media plc History".Funding Universe.Retrieved24 October2012.
  5. ^Staff (29 March 1985) "UK Company News: U.S. generates 68% of United News profit"Financial Times,London, Section II p. 24;
  6. ^"VNU Acquires Miller Freeman From United News & Media".Business Publisher.31 July 2000.Retrieved21 April2018– via Free Online Library.
  7. ^Teather, David (26 July 2000)."United News sells off Miller Freeman Europe".The Guardian.Retrieved21 April2018.
  8. ^Jay, Adam (21 July 2003)."UBM buys Aprovia for £79m cash".ISSN0307-1235.Retrieved28 April2018.
  9. ^"UBM buys medical publisher MediMedia in £188m deal".The Independent.2 June 2004.Retrieved28 April2018.
  10. ^John, Murray (19 February 1994)."Heseltine clears way for Anglia TV bid".The Independent.London. Archived fromthe originalon 22 April 2019.Retrieved27 March2012.
  11. ^"Key dates in the history of commercial TV".An Overview of Television in the UK.Ofcom.Retrieved27 March2012.
  12. ^"PRNewsWire".PRNewsWire.Retrieved27 January2011.
  13. ^"Determination to resolve a dispute between Rapture Television plc and British Sky Broadcasting Ltd about EPG listing charges"(PDF).Ofcom. p. 7.Retrieved11 November2018.
  14. ^Mathew, Horsman (25 October 1996)."Hollick secures a stake in HTV as fight for franchises hots up".The Independent.Archived fromthe originalon 22 April 2019.Retrieved27 March2012.
  15. ^Newman, Cathy (28 June 1997)."HTV succumbs to United News in pounds 370m takeover bid".The Independent.Archived fromthe originalon 22 April 2019.Retrieved27 March2012.
  16. ^"ITV: 20 years of ups and downs".The Telegraph.16 November 2010.Archivedfrom the original on 12 January 2022.Retrieved27 March2012.
  17. ^Billings, Claire (21 July 2000)."United and Carlton call off merger".Media Week.Retrieved27 March2012.
  18. ^ab"Timeline: ITV 1955-today".Media Guardian.7 October 2003.Retrieved27 March2012.
  19. ^"United News sharpens focus".BBC News.4 August 2000.Retrieved27 March2012.
  20. ^"History".ITV plc.Retrieved27 March2012.
  21. ^"UBM sells NOP World for £383m".Retrieved25 August2017.
  22. ^UBM Has Sold CMP Entertainment Media to The Wicks GroupArchived17 July 2011 at theWayback Machine,The Jordan, Edmiston Group, 13 September 2006 (retrieved 19 September 2010)
  23. ^"Elsevier Extends Content Offering to Entertainment Technology Professionals".Retrieved21 April2018.
  24. ^"Hal Leonard buys Backbeat Books for $2.2M - Milwaukee".Milwaukee Business Journal.Retrieved21 April2018.
  25. ^"FindArticles - CBSi".findarticles.Retrieved25 August2017.
  26. ^Annual report of UBML 2008/9 page 62.
  27. ^Notes to the parent company financial statements at 31 December 2010 P146.
  28. ^Notes to the consolidated Financial statements 3 P88.
  29. ^"UBM plans to move tax base back to UK",The Guardian,18 October 2012. Retrieved 30 January 2013.
  30. ^Canon Communications LLC (16 September 2010)."Canon Communications to be Sold to United Business Media; Transaction Expands Global Reach... -- LOS ANGELES, Sept. 16 /PRNewswire/ --".prnewswire.Retrieved3 April2015.
  31. ^"United Business Media name change to UBM plc".Archived fromthe originalon 14 May 2011.Retrieved25 August2017.
  32. ^Mash Media Group Ltd."UBM acquires 4G World exhibition and conference".Exhibition World.Retrieved30 March2013.
  33. ^"UBM - News releases".Media.ubm.Retrieved30 March2013.
  34. ^"UBM Tech".tech.ubm. 31 January 2013.Retrieved30 March2013.
  35. ^"Briefing Media".Briefingmedia.Retrieved30 March2013.
  36. ^"UBM - News releases".Media.ubm. Archived fromthe originalon 19 January 2013.Retrieved30 March2013.
  37. ^"UBM - News releases".Media.ubm. Archived fromthe originalon 19 January 2013.Retrieved30 March2013.
  38. ^"PA Group sells stake in Canada Newswire to UBM for £30.1m",The Guardian,1 November 2012. Retrieved 30 January 2013.
  39. ^Electra."Electra Partners acquires UBM plc's Data Services businesses"Archived24 July 2013 at theWayback Machine,
  40. ^"Events organizer UBM buys U.S. rival Advanstar for $972 million"(Press release). Reuters. 1 October 2014.Archivedfrom the original on 5 October 2015.Retrieved2 July2017.
  41. ^"News | UBM".Media.ubm.Retrieved28 April2017.
  42. ^"Who We Are - UBM".ubm.Retrieved25 August2017.
  43. ^Rory Gallivan, "UBM to Sell PR Newswire to Cision for $841 Million"WSJ15 December 2016
  44. ^"UBM plc announces the sale of PR Newswire to Cision - RNS".London Stock Exchange.Retrieved28 April2017.
  45. ^"News | UBM".Media.ubm.Retrieved28 April2017.
  46. ^"Informa to buy exhibitions rival UBM for £4bn".16 January 2018. Archived fromthe originalon 11 December 2022.Retrieved1 June2018.
  47. ^"Informa's takeover of peer UBM effective after court sanction".Alliance News. 15 June 2018.Retrieved16 June2018.
  48. ^"MJH Associates, Inc. Acquires Assets from UBM Life Sciences Group Becoming the Largest Privately Held Medical Media Company in the United States".AP NEWS.31 January 2019.Retrieved4 May2019.
  49. ^"UBM".ubm.Archived fromthe originalon 27 October 2014.Retrieved4 April2016.
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