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UNITED BUS. MEDIA BUYS STAKE IN PR DISTRIBUTION SERVICE; CHANGES UNIT NAMES.

United Business Media (UBM; London) has acquired 50% of the Dutch national news agency's news release distribution division, ANPPS, for [pound]3.9 million in cash. UBM said its decision to invest in the Dutch company is part of its ongoing strategy to provide PR

Newswire with a "strong local identity in key markets."

ANPPS is a unit of ANP (Amsterdam), the Dutch national news agency, and is the leading press release distribution provider in the Netherlands, issuing full-text news releases to 8000 journalists via newswire, e-mail and fax. The deal closely follows UBM's recent acquisition of Cyperus, the leading corporate communications services company for the technology industry in France and Spain.

In related news, URM has changed the names of two of its operating units. United Business Media International is now known as CMP Information and the Miller Freeman Asia unit, operating in 11 markets in Asia and the U.S., has been changed to CMP Asia (Hong Kong).
COPYRIGHT 2001 JK Publishing, Inc
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Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Comment:UNITED BUS. MEDIA BUYS STAKE IN PR DISTRIBUTION SERVICE; CHANGES UNIT NAMES.
Publication:Business Publisher
Article Type:Brief Article
Geographic Code:4EUUK
Date:Jul 31, 2001
Words:160
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