Informa Group PLC
8 December 1999
INFORMA GROUP ANNOUNCES TWO ACQUISITIONS
Informa Group plc has acquired a portfolio of 60 subscription based
newsletters, seven magazines. 600 management reports and 24
directories from Financial Times Business Limited (FTB). The
consideration is £13.5 million made up of £9.9 million payable in
cash plus a £3.6 million liability for prepaid subscriptions which
is assumed by Informa. In the year ended 31 December 1998 the
publications contributed a profit of £1.2 million, after FTB
overheads, on sales revenue of £19.8 million.
The publications include a number of established brands in the
fields of telecommunications, media, finance, commodities,
pharmaceuticals and automotive. They include the newsletters,
Mobile Communications, Telecom Markets, New Media Markets, Music
and Copyright, Screen Finance, World Insurance Report, Food
Business, Pharmaceutical Business News, and the magazines, Telecoms
World, Television Business International and Automotive World.
In a separate transaction completed in November, Informa acquired
Baskerville Communications Corporation (BCC) from its founder, Tim
Baskerville. BCC is a leading provider of daily news services,
newsletters and management reports in the telecommunications and
media sectors. Its 13 titles include Global Mobile and TV
International. Net liabilities of BCC at 26 June 1999 were £3.1
million mainly representing future subscription income paid in
advance.
David Gilbertson, chief executive of Informa commented:
'These acquisitions make Informa a major integrated force in the
provision of information to the telecommunications sector. Mobile
Communications and Global Mobile are the two leading newsletter
brands for the mobile market. When combined with Informa's
existing telecoms portfolio - which includes the monthly magazine
Mobile Communications International; the EMC World Cellular
Database and the consultancy and publishing groups ARC and
Chorleywood - these acquisitions will enable Informa to offer a
through delivery of news, analysis, data and high level consultancy
services to the telecommunications sector.'
'The addition of the strong media-related titles from both the FT
and the Baskerville portfolios also positions Informa to respond to
the growing information needs of this market as media and
telecommunications increasingly converge with the coming third
generation mobile technology.'
'These earnings-enhancing acquisitions, which follow our purchase
of 20 publications and events from Emap plc last month, reflect
Informa's continuing commitment to building shareholder value
through the addition of high quality information brands to our
business.'
FOR FURTHER INFORMATION
Peter Rigby (Chairman)
David Gilbertson (Chief Executive)
Jim Wilkinson (Finance Director)
INFORMA GROUP PLC
0171 453 2222
William Clutterbuck/Charlotte Hamilton
THE MAITLAND CONSULTANCY
0171 379 5151
NOTES TO EDITORS
Informa Group plc was formed in 1998 from the merger of LLP Group
plc and IBC Group plc. Informa is a business information group
focused on six global market sectors: IT and Telecoms; Maritime,
Trade and Transport; Finance and Insurance; Commodities and
Energy; Biomedical and Pharmaceutical; and Law and Tax. Informa
has sales in more than 180 countries with over 50 offices world-
wide. It derives the majority of its revenues from the delivery of
'must have' and topical business information across a broad range
of media formats and wide geographical base.
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