Report: UBM Moving Towards Sale of PR Newswire

September 22, 2015

The Sunday Times published a report stating that UBM plc is moving ahead with plans to sell its PR Newswire division. The asset disposal is expected to result in UBM netting approximately US$750 million. PR Newswire is a leading global distributor of press releases, publicity material and marketing news.

PR Newswire is forecast to post revenues of US$320 million this year and deliver profits of US$87 million. The Sunday Times also reported that U.S.-based investment bank, Evercore, had been appointed to manage the sale and that private equity firm, GTCR was expected to be a leading bidder.

Add new comment

Image CAPTCHA

Partner Voices

As event professionals, our job is to host people and while we can’t prepare for everything, it’s essential to develop an emergency plan that can be adapted to any situation. In Boston, the Massachusetts Convention Center Authority’s (MCCA) Public Safety Team at the Boston Convention & Exhibition Center (BCEC) and the Hynes Convention Center, have taken their experiences to develop a comprehensive crisis management training program, starting with crisis communications.