UBM sells Publican for £1.7m

My Account
Logout

Create an Evening Standard Account

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Welcome! Sign in here

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Forgot your password ?

Registration

* indicates fields that are mandatory

Email *

Password *

Confirm Password *

First name *

Surname *

Postcode *

Country *

Mobile phone number

Username *

Gender *

Year of birth *

When you sign up...

You will have access to all our online competitions, discounted offers and can post comments on our site.

You will also receive The Weekender newsletter sent every Thursday - it’s full of fantastic offers and ideas for the weekend. You can update your email preferences in your account page when you log in.

Other newsletters and emails

Homes & Property Newsletter - Yes I want to receive the weekly email with all the latest news on property in the capital

Occasionally we would also like to send you relevant emails detailing specific offers either from ourselves or carefully selected partners. If you would prefer not to receive these then please tick the appropriate boxes below. We will never pass on your details.

I do not want to receive additional offers and information from the Evening Standard

I do not want to receive additional offers and information sent by Evening Standard on behalf of carefully selected partners

Terms and Conditions

* I have read, understood and agree to be bound by the terms and conditions of Evening Standard

Registration

Mail Sent for Registration Confirmation.

A confirmation email has been sent. Please activate your account by clicking on the activation link sent in your mail box.

Exhibitions-and-magazines giant United Business Media today sold The Publican for £1.65 million to the owner of The Grocer, food-and-drink publisher William Reed Business Media.

UBM, which closed or sold 13 titles last year, said the magazines market "continues to suffer from overcapacity". The owner of Music Week and Building Design believes there will only be "sufficient demand in mature markets to support one, or perhaps two, leading print titles" in each specialist sector. It added it is buying Indian travel trade show Satte as it expands in emerging markets.

Sales rose 5.6% to £889.2 million last year but pre-tax profits slipped 5.3% to £156.4 million. The shares slumped 52.5p to 660p.