Printer Friendly
The Free Library
14,560,361 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

United Business Media buys Commonwealth Business Media for $152 million.


Earlier this month, United Business Media acquired Commonwealth Business Media for $152 million, subject to anti-trust regulatory clearance, with expectation of officially closing by early August.

Commonwealth, www.cbizmedia.com, is a leading specialist business intelligence provider to the international trade and transportation industry with comprehensive proprietary data, news and analytical content that is integral to the "back office" workflow of more than 85,000 individual customers.

Manufacturers, carriers, logistics companies, and government agencies use Commonwealth's products for a wide range of purposes, including business development, competitive intelligence, identification of new suppliers and markets, and defending intellectual property.

Headquartered in East Windsor East Windsor is the name of the following places in the United States of America:
  • East Windsor, Connecticut
  • East Windsor Township, New Jersey
, N.J., with offices around the U.S. and in Canada and the U.K., Commonwealth employs approximately 400 people.

United Business Media, www.unitedbusinessmedia.com, is one of the world's leading global information companies. It brings together the world's buyers and sellers, helping their markets work effectively and efficiently through PR Newswire's news distribution network and CMP's portfolio of events and print and online publications.

David Levin David Levin may refer to:
  • David Levin (businessman)
  • David Levin (singer)
 is CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of London-based UBM UBM United Business Media Plc (London)
UBM Under-Bump Metallization
UBM UniCredit Banca Mobiliare S.p.A. (Italy)
UBM United Bikers of Maine
UBM Unbalanced Magnetron
UBM Ultimate Building Machine
.

The numbers

In the year ending September 2005, more than 80 percent of Commonwealth's revenues were derived from data and online products, with 88 percent of revenues being earned in the U.S. In the same period Commonwealth had revenues of $55.6 million and EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become  of $12 million, with revenues and EBITDA being ahead of the prior year on a pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts.

The phrase pro forma
 basis by 6 percent and 14 percent respectively. The acquisition is anticipated to meet UBM's 8 percent post tax cost of capital criteria in 2007.

The Jordan, Edmiston Group represented Commonwealth in the transaction.

United Business Media Plc, Ludgate House, 245 Blackfriars Road, London SE1 9UY, U.K. +44 (0)20 7921 5000, www.unitedbusinessmedia.com

Commonwealth Business Media, 400 Windsor Corporate Park, 50 Millstone millstone

Either of two flat, round stones used for grinding grain to make flour. The stationary bottom stone is carved with shallow grooved channels that radiate from the centre. The upper stone rotates horizontally, and has a central hole through which grain is poured.
 Road, #200, East Windsor, NJ 08520, 800-221-5488, www.cbizmedia.com
COPYRIGHT 2006 The Newsletter on Newsletters LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:The Newsletter on Newsletters
Date:Jul 25, 2006
Words:313
Previous Article:Inside Mortgage Finance Publications sues Credit Suisse for copyright infringement.
Next Article:Helmut Graf reports 4.4 percent increase in 2005 revenues.(Verlag fur die Deutsche Wirtschaft AG)(Brief article)
Topics:



Related Articles
Starret-Lehigh Building's renovation tops $100 million.(Brief Article)
Starrett-Lehigh building's renovation exceeds $100 million.(Brief Article)
ANTELOPE VALLEY: PUBLIC FORUM : ELECTED BOARD NEEDS PUSH TO BUILD PALMDALE HOSPITAL.(NEWS)(Letter to the Editor)
Economist Group sells J. of Commerce Group to Commonwealth Bus. Media.(Journal of Commerce Group, Commonwealth Business Media)(Brief Article)
Making a case for business continuity.(Brief Article)
Commonwealth Business Media, UK forum sold to United Business Media.
Commonwealth bus. media buys aviation industry assets.
Company Watch - United Airlines.
Company Watch - United Airlines.
UNION: GROCERS THREATEN HEALTH FUND.(Business)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles