Events and data compensate for advertising decline at UBM

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United Business Media, parent company of UK B2B publisher CMPi, has achieved its highest monthly operating profit for the last six years.

In a trading update this morning, UBM reported that the strengthening of the US dollar against the pound and strong performance in events, data and workflow products and resulted in this result, achieved despite a weaker results for some of the company’s print advertising and ‘secondary’events.

UBM is aiming to reducing its global headcount by around 350 by the end of this year.

UK division CMPi has reduced staff in its Built Environment division already.

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