United News & Media (UNM) has sold CMP Worldwide Media (Europe) to publisher VNU for $4 million, following confirmation last month of talks between the two companies (see Newsline). UNM acquired CMP Media for £575 million in April this year (see United News & Media Acquires US Technology Group In £575m Deal).
The UK and French divisions of CMP, involved in the sale to VNU, currently publish Information Week, Network Week and Computer Reseller News, which currently compete with existing VNU titles; it is thought they will close.
UNM also announced that it is to spin off the internet businesses for Miller Freeman. Colin Campbell has been appointed e-commerce business director, focusing on expanding the company’s current business-to-business and growing the e-business division.
United News & Media: 0171 921 5000VNU Business Publications: 0171 316 9000
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