| Type | Public limited company (LSE: UBM) |
|---|---|
| Industry | Media |
| Founded | 1918 |
| Headquarters | Ludgate House, London, United Kingdom |
| Key people | John Botts, (Chairman) David Levin, (CEO) |
| Products | Magazines Exhibitions News Distribution |
| Revenue | £889.2 million (2010)[1] |
| Operating income | £143.2 million (2010)[1] |
| Net income | £99.4 million (2010)[1] |
| Website | www.ubm.com |
UBM plc (LSE: UBM) is a magazine publisher, news distributor and events organiser providing business information services principally to the technology, healthcare, media, automotive and financial services industries. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
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The company was founded in 1918 as United Newspapers[2] by David Lloyd George to acquire the Daily Chronicle and Lloyd'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. The company continued for decades as a regional newspaper publisher, making acquisitions such as Yorkshire Post Newspapers in 1969.
It acquired PR Newswire in 1982.[2] In 1985 it bought Express Newspapers and continued to publish the Daily Express for some 15 years.[2] It changed its name to United News & Media in 1995,[2] sold its regional papers in 1998, and bought CMP Media in 1999 for $920 million.[2] In 2000, it sold the Daily Express to Richard Desmond and adopted its current name of United Business Media. It went on to acquire Commonwealth Business Media for $152 million in 2006.[3]
The history of the companies that now make up UBM stretches back almost two hundred years to the Journal of Commerce which was founded and first published by Samuel Morse - of Morse Code fame - in 1827. Today, the Journal of Commerce is produced in both print and digital formats by UBM Global Trade. UBM businesses still publish many other titles that were launched in the 19th century, including Building magazine, launched in 1843 by Joseph Hansom, as well as Chemist & Druggist.[4]
In September 2006, NewBay Media acquired CMP Entertainment Media from United Business Media which included the magazines Guitar Player, Bass Player, Keyboard, Pro Sound News, Systems Contractor News, Residential Systems, Videography, Government Video, DV, Technology & Learning, and Television Broadcast.[5]
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.[6]
In September 2010, Canon Communications announced that it had agreed to be acquired by UBM.[7]
In May 2011, United Business Media officially changed its name to UBM plc.[8]
The Company distributes news and information and also offers media products to customers.[9] Its businesses are Everything Channel, RISI, PR Newswire, UBM Asia, UBM Aviation, UBM Built Environment, UBM Canon, UBM Conferences, UBM Connect, UBM Electronics, UBM Global Trade, UBM Live, UBM Medica, UBM TechInsights, and UBM TechWeb. It also included CMP Information (CMPi) which was split into five separate businesses in 2008.[10] It is also a major shareholder of ITN and Press Association.
The Company's media properties include:
It main competitors are International Data Group, Reed Elsevier and Nielsen.
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