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Revenue up at UBM in year it closed 13 magazines

United Business Media record increase in revenues

Business publisher United Business Media recorded a 4.9 per cent year on year increase in revenue in 2010 despite closing 13 print magazines.

The company, which publishes Farmers Guardian and Property Week, said it generated revenue of £889.2m last year - an underlying growth of 5.6 per cent year on year.

This growth came despite print revenues declining 13.1 per cent to £144.1m - driven in part by the closure of 13 titles during 2010, the company said.

Operating profit from its magazine business fell to £10m in 2010 - a year-on-year decline of 12.4 per cent.

UBM said it would continue with its strategy of managing the contraction of its print division - following on from it closing 31 titles and merging or reducing the frequency of others throughout 2009.

Read more at Press Gazette.