United Business Media, owner of PR Newswire and TechWeb, on Friday reported higher online revenue thanks to InformationWeek, EE Times, its virtual events, and its acquisition of Game Advertising
Online. Overall, for the nine months ending September 30, revenue was up 3.9% to just over a billion dollars. CEO David Levin portrayed the results as a "solid performance in an improving
environment," according to
paidContent. Data revenues rose thanks to the company's TechInsights advisory
benefitting from "improved electronics industry market conditions."
Meanwhile, operating margin in data services and online declined from 12.9% to 11.2% on investment in virtual events and
other products, paidContent notes. Print revenues, however, fell by 15.3% to $163.59 million. UBM operates over 100 magazines. This year alone, UBM has acquired database Hors Antenne, women's health
site OBGYN.net, Canon Communications, UM Paper, Astoud, Route Development Group, among other investments.
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