Confirmed Positive Impact of CMP's Transformation to a Next-Generation Media Company
MANHASSET, N.Y., Oct. 1 /-- At United Business Media's annual investor briefing last week in London, Steve Weitzner, CMP's President and CEO, updated the investment community on the success of CMP's transformation strategy to become a next-generation media company, after repositioning its products and services to reflect how audiences and marketers use media today.
In June 2007, CMP announced broad-reaching changes to its portfolio and organizational structure as part of its ongoing strategic transformation and to reinforce its leadership position in technology media. During today's presentation, Weitzner cited the outstanding performance of more than $170 million of acquisitions funded by United Business Media, the new launches of events and online products, and broader international reach which has reduced print in the overall product mix. Weitzner contrasted the company's print- dominant portfolio in 2004, which represented approximately 70 percent of its revenues and profits to the 2007 portfolio which has reduced print to about 30 percent.
Weitzner will continue to drive growth by strengthening profitability of its online business and building out services through additional acquisitions and organic initiatives. Moving beyond media, CMP will provide its audiences with new web experiences, information services and education while offering its customers marketing services including lead generation, research and consulting.
In addition, Tony Uphoff, president of CMP's Business Technology Group (BTG), highlighted the positive impact of the transformation on InformationWeek, The TechWeb Network, Interop and the other products and services within the BTG. Uphoff focused on the quality acquisitions, the strength of the online networks, the redefinition of print and the essential role of integrated marketing solutions.
A recording of the webcast is available at: http://www.thomson-webcast.net/uk/dispatching/?ubm070927
CMP (http://www.cmp.com/) is a media and marketing solutions company serving the technology industry. With the leading online, event and print brands in all technology market categories, and with services and tools that reach beyond traditional advertising, CMP shapes and influences the technology industry worldwide. CMP publishes highly respected media brands such as TechWeb, InformationWeek, ChannelWeb, CRN, EE Times and TechOnline; produces major industry events such as Interop, Web 2.0 Expo, XChange, Game Developers Conference and the Embedded Systems Conferences; and provides business information and marketing services such as the International Customer Management Institute, Semiconductor Insights and Second Life consulting for technology marketers. CMP is a subsidiary of United Business Media (http://www.unitedbusinessmedia.com/), a global provider of news distribution and specialist information services with a market capitalization of more than $3 billion. For more CMP news, go to cmp.com/news.
CONTACT: Alix Raine of CMP, +1-516-562-7827, email@example.com
Web site: http://www.cmp.com/