Earnings: United Business Media’s Profits Up 25 Percent on Online, Events

UK-headquartered business media firm United Business Media (which owns CMP and PRNewswire), announced its first half 2006 earnings today. Its profits through the end of June rose to $151 million, from $121 million a year earlier. Overall revenue was up 25% to $727 million, from $580 million in 2005.
CMP Technology’s revenue fell 3.6%, while lower print revenue and increased online investments reduced profits by 32.7%.
Hemscott: The group continues to invest in developing new products and plans to spend an additional

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