United Business Media reports strong revenue growth

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London--United Business Media, owner of CMP Media, said Thursday that it expects overall second-half revenue to be ahead of last year’s result, despite the weakness of the dollar.

The company also said it expects its second-half margin will eclipse the 12.2% achieved in the first half, well ahead of the 10% target for 2003.

The company said year-over-year revenue generation has begun to climb in the second half of this year. UBM also reported that it remains strongly cash generative and is net cash positive after having spent more than $175 million on acquisitions this year.

--Sean Callahan

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