London—United Business Media, the parent company of technology publisher CMP Media, Tuesday reported a 7% increase in earnings and 21% gain in revenue for 2005.
UBM’s profit before taxes was $266.7 million, and its revenue was $1.2 billion. The company said it plans to spend between $260 million and $440 million on acquisitions annually in the years ahead, up from the $185 million it spent last year.
CMP has made several acquisitions in recent months, including Black Hat, a producer of information security conferences, and Shorecliff Communications, a global event organizer and information provider serving the RFID (radio frequency identification), IPTV, broadband and wireless infrastructure markets.
UBM also said it expected to return more than $525 million to investors during the next two years.