Following trade speculation, United News & Media (UNM) has confirmed that it is in discussions with business magazine publisher, VNU, over the possible sale of CMP Worldwide Media (Europe).
A deal would mean disposing of the UK and France interests of the IT publishing group so that UNM can concentrate on the US operations of CMP. UNM acquired CMP Media for £575 million in April this year (see United News & Media Acquires US Technology Group In £575m Deal) and the group was then combined with United’s Miller Freeman publishing operation.
If VNU were to secure the UK and France divisions of CMP, it would gain control of three currently rival titles. At present VNU’s PC Dealer, Network News and Computing compete with CMP’s Computer Reseller News, Network Week and Information Week respectively.
UNM says that further announcements will be made in due course.
United News & Media: 0171 921 5000VNU Business Publications: 0171 316 9000
Media Jobs
Hello. We have downloaded cookies on your device. Some of these cookies are essential for the website to function. Others are non-essential and are used for analytics and advertising.
We need your consent for these types of cookies.
To withdraw your consent or change your cookie choices, please do this through your browser settings.
Otherwise, click OK to accept and continue.
