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UBM sells The Publican to William Reed in £1.65m deal

United Business Media sell off assets

United Business Media has sold its licensed trade titles to rival William Reed in a deal worth up to £1.65m and offloaded its French medical newspaper business for £8.8m.

The business publisher said it sold its licensed portfolio - which comprises The Publican magazine, website and awards event, together with the Theme and Bar Show brands - is for a cash payment of £1.5m and a deferred performance-related consideration of up to £150,000.

UBM bought The Publican for £21m in 2005 as part of a deal which also saw it acquire sister titles Flavour, Pub & Bar, The Official Training Company and Quantum Data as part of the break-up of Croydon-based Quantum Business Media.

Read more at Press Gazette.