UBM says it will have cut 350 jobs by year’s end

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London—United Business Media said in a trading update that its global headcount for the second half of 2008 would be reduced by about 350 positions.

UBM, publisher of EE Times, said its "performance in November was in line with (its) expectations."

It added: "The combination of the U.S. dollar strengthening against sterling and the continuing strong performance of UBM’s major events, data and workflow products meant UBM achieved its highest monthly operating profit of the last six years." The strong results occurred despite weakness in print advertising.

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