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UBM Enterprise history
UBM Enterprise company history timeline
In 1992 UBM Building Supplies was purchased by another UK based PLC and UBMO management were given the opportunity to stage a management buyout.
South West Business Event, October 1993 sponsored by UBM Overseas in conjunction with the Bristol Chamber of Commerce.
In 1995 this diversification was highlighted through the company changing its name to United News & Media plc.
In late 1996 UNM bolstered its trade show operations through the £592.5 million ($905 million) purchase of U.K.-based Blenheim Exhibitions and Conferences Ltd., which was soon integrated into Miller Freeman.
United News and Media later agreed to buy Scottish Television's 20% stake in HTV and on 28 June 1997, HTV was taken over fully by UNM for £370 million.
In November 1997 UBM also launched the now defunct satellite TV Channel Rapture TV which focussed on dance music and extreme sports.
The stake in Yorkshire Tyne Tees Television was sold to Granada, allowing them to take control of the two franchises in 1997.
1998: The regional newspaper business is divested; MAI's financial services unit is spun off into a separate company called Garban plc.
Informa was formed in 1998, and through growth and acquisition, has become a leading international events, intelligence and scholarly research group.
During 1999 Ronald Hampel, former CEO and chairman of Imperial Chemical Industries plc, succeeded Stevens as chairman.
In 1999, plans emerged of a merger between UNM and rival Carlton, however these talks failed when it appeared that Meridian would have to be sold off as a condition of the deal.
The United States focus was enhanced with the completion of two major acquisitions in 2001: the June purchase of Allison-Fisher International, Inc. for $45 million and the August buyout of Roper Starch Worldwide LLC for $88 million.
Magazine publishers were hit hard as companies sharply cut back on their advertising, and the high-tech oriented CMP Media suffered a stiffer blow than most--because of the tech stock implosion--and had to endure a 26 percent drop in ad pages during 2001.
Unfortunately, the UBM era got off to a rough start thanks to the economic downturn that began in 2001.
As UBM awaited a turnaround in the advertising market that might mark a return to profitability, Hampel retired as chairman in October 2002, with longtime board member Geoff Unwin assuming his position.
The operating environment continued to be a rough one in 2002, leading the company to announce the elimination of a further 500 positions, with large reductions at CMP Media and PR Newswire.
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. It disposed of NOP which was acquired by GfK for £383 million in 2005.
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.
In September 2006, NewBay Media acquired CMP Entertainment Media from United Business Media. It went on to acquire Commonwealth Business Media for $152 million in 2006.
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.
In 2010 the principal holding company of the United Business Media group (the "Group") was organised into five operating segments: Events, TD & M, Data Services, Online and Print.
In 2012, PA Group, the parent company of the Press Association, sold its 50% stake in Canada Newswire to joint venture partner UBM for £30.1 million.
In April 2013, UBM's data services businesses were sold to Electra Partners.
In October 2014, UBM announced it would acquire Advanstar Communications for a fee of $972 million.
In December 2015, UBM announced the sale of PR Newswire to Cision for $841 million, subject to regulatory approval.
In June 2016 UBM plc announced the completion of the sale of PR Newswire to Cision.
Reflecting this, 82 percent of its business in 2016 derived from events and only 18 percent from other marketing services.
In January 2018 Informa announced the acquisition of the company for £4 billion.
In January 2019, Informa sold several of the UBM Life Sciences publications (including Spectroscopy and Psychiatric Times) to MJH Associates.
3 Earnings per share after the deduction of hybrid capital interest (change in calculation method beginning in 2020). Reported amounts based on Q1.
Vienna, 25.05.2021 – The first quarter of 2021 for UBM Development AG was unusual in every respect.
Key performance indicators Q1 2021 (in €m)
5.50% sustainability-linked hybrid bond 2021.
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|---|---|---|---|---|
| Clean Management | - | $3.9M | 100 | - |
| Spencer Building Maintenance | 1997 | $11.0M | 200 | 3 |
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| SourceMedia | 2001 | $254.6M | 400 | 2 |
| A+E Networks | 1984 | $890.0M | 1,047 | 25 |
| Jack Morton Worldwide | 1939 | $10.7B | 600 | 27 |
| Questex | 2005 | $35.9M | 200 | 1 |
| The Mars Agency | 1973 | $73.0M | 452 | 29 |
| The E.W. Scripps Company | 1878 | $2.5B | 5,600 | 129 |
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UBM Enterprise may also be known as or be related to U B M, U B M Inc, UBM Enterprise, UBM Enterprise Inc, UBM Enterprise, Inc. and Ubm Enterprise, Inc.