Friday, December 14, 2007

PR Newswire plans India expansion

United Business Media Plc’s PR Newswire is expanding its business in Dubai, India and Scandinavia.

PR Newswire's European business performed better than the company's plan, and revenue in China more than doubled from 2006, writes Alex Armitage in Bloomberg.

The company, which also publishes Information Week, said second-half revenue will increase 6 per cent to 7 per cent, helped by ``strong'' sales at its PR Newswire unit and exhibition services.

United Business Media Chief Executive Officer David Levin is reducing dependence on magazine and classified ad sales by expanding exhibitions, distribution and business-information units.


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