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UBM completes Canon acquisition

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London—United Business Media announced Friday that it has closed its $289 million deal for Canon Communications, which added 24 print magazines, 41 events, 45 websites and 100 e-mail newsletters to UBM’s portfolio.

UBM also said its revenue for the first nine months of the year rose 3.9%, to $1.0 billion, and its operating profit increased 8.0%, to $172.0 million. UBM said its print revenue fell 15.3% to $163.2 million, although the decline was 7.2% when accounting for 15 shuttered publications.

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