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BtoB

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 will add 41 events, 45 websites, 100 e-mail newsletters and 24 print magazines to UBM's products.

UBM also said that its revenue for the first nine months of the year was up 3.9% to $1.0 billion. Additionally, UBM said its operating profit increased 8.0% to $172.0 million.

UBM said its print revenues fell by 15.3% to $163.2 million, although the decline was 7.2% when accounting for 15 shuttered publications.

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