Funny thing news. No sooner do you mention one piece of news from the world of shipping media than another pops up. There is a small Asian component in United Business Media's acquisition of the old Journal of Commerce group for $152 million.
The company, now known as Commonwealth Business Media, will apparently form a new division of UBM and not - for now anyway - be integrated into CMP. In Hong Kong, the company operates an outpost of its PIERS "Global Intelligence Solution". Some 88% of the group's revenues are, however, currently generated in the US. That looks like an opportunity waiting to be tapped.
Thursday, July 06, 2006
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