http://www.foliomag.com/2012/ubm-exploring-sale-data-business-not-magazines
Despite reports earlier today indicating that
UBM has put some of its print magazines up for sale the company is saying that
it's the data services business that's actually up for review. Included in that
group are the Techinsights, Aviation, Global Trade and other related data
services operations.
The strategic review of UBM's data services business was announced back in July
during the company's 2012 interim results presentation.
According to a spokesperson, there are one or two print titles associated with
these groups, but the bulk of any print products included in the review are
directories. "This is purely about the data services business, it does not
touch the magazine business," says the spokesperson.
Earlier report:
http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/media/9563659/UBM-puts-data-services-up-for-sale-for-250m.html
The company appointed Credit Suisse to carry out a strategic review of the
so-called data services division in July. However, UBM chief executive David
Levin is understood to have made it clear internally that he favours a
sell-off. “It is effectively up for sale,” a senior source said.
The expected sale would fit with UBM’s ongoing strategy to scale
back its magazines business and instead focus investment on
major tradeshows and conferences, particularly in emerging territories like
China.
