With Trade Shows and Other Events Accounting For 60 Percent of Its Business, UBM Looks to Exit The Press Release Distribution Business
The London based company says its in talks to sell its PR Newswire business
PR Newswire distributes news releases and other marketing messages for companies, primarily in the United States and Canada. Its primary competitor is Business Wire, a similar service owned by Warren E. Buffett’s Berkshire Hathaway.[post_ad]
The PR Newswire business derives about half its revenue from distribution in the United States and had revenue of 195.8 million pounds, or about $302.6 million, in 2014, according to UBM.
With Trade Shows and Other Events Accounting For 60 Percent of Its Business, UBM Looks to Exit The Press Release Distribution Business
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9/23/2015
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