Trading conditions in the US technology publishing market remain challenging with no sign of any improvement, United Business Media (UBM) said this afternoon. In its AGM statement, the company said that its overall financial performance and outlook remain similar to the position outlined at the beginning of March (see UBM Shares Fall As Profits Are Halved By Hi-Tech Ad Slowdown).
UBM’s CMP Media – which operates in the troubled US hi-tech publishing market – saw revenues for the last six months running at some 40% below the levels of 2000. Offsetting this to a degree, market share in Q1 2002 grew to 29.1%, up from 24.5% last year. Advertising yields have remained stable.
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