UBM sells entertainment and technology titles for £2.4m
The company has sold a range of its titles to an independent publisher
UBM has sold its entertainment and technology portfolio to independent publisher Intent Media for £2.4m.
The deal, which should be completed within the next six weeks, will see up to 36 jobs transferred to Intent Media.
The company said the acquisition will boost its projected turnover for the 2012 financial year to around £10m - effectively doubling the size of the company -- and that the portfolio last year generated revenues of £5.4m.
Titles being sold to Intent Media -- which currently owns titles such as Mobile Entertainment, Bikebiz and Musical Instrument Professional -- include Television Business Europe, Music Week and Pro Sound News Europe.
Read more at the Press Gazette.