British publisher puts data services business on the block

Share this content:

UPDATE: UBM, the $1.5 billion British targeted media company has retained Credit Suisse to do a strategic review of its data services business, not print publications as had been earlier reported in the Daily Telegraph.

The data services unit creates targeted data sets for specific industries and sells access to the information through annual subscriptions and consulting services. The business concentrates on the health, technology, transportation and paper industries.

UBM publishes close to a hundred magazines serving the health, technology, and transportation industries. Its titles include Property Week, Travel Trade Gazette, Music Week, and Farmers Guardian. The company's primary revenue stream derives from the 300-odd trade shows and conferences it operates globally in diverse markets such as furniture, jewelry, hospitality, and even spying.  Its Black Hat cyber-security show draws attendees who not only don't wear name tags, but often don't reveal what organizations they represent.

CEO David Levin has made it clear he favors a sale of the data services unit as the company concentrates on its events business. In a profile of the executive published by the newspaper earlier this year, Levin appeared pessimistic about the future of print. “The world of music has been eaten by software completely,” he opined. “Along comes the newspaper world. The same fight's being fought, and frankly, the same outcome: The world of software has hit it and software has won.”

UBM was formerly known as United Newspaper Limited and then United Business Media. The company also owns PR Newswire.

close

Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above