UBM Revenue Up 26 Percent In First Half

first_img But as Advanstar and UBM’s events portfolio marched ahead, PR Newswire’s performance was flat and its Other Marketing Services businesses declined 8-percent. The losses there were mainly due to a cut in online revenue, “reflect[ing] a decision to focus on Tech products with higher quality leads.” Amid a series of major changes, UBM’s revenue shot up 26 percent in the first half of 2015. The gains were largely driven by the integration of Advanstar and the progression of its “events first” strategy, the company says. All of that change came as several executive leadership positions were vacated, then filled with new personnel. UBM has appointed a new CFO, and new CEOs of PR Newswire and its Americas division in recent months. In fact, as a whole, UBM’s 120-plus major events performed similarly well. Driving almost two-thirds of the company’s revenue, events grew 3.3 percent, with much of that growth attributable to the events first strategy put into place in late 2014. As part of that shift, the company has focused on its larger shows, selling or closing almost 40 events and several related lines of business in order to consolidate resources. UBM also bought three events during the period, and is in the process of rolling out a number of operational changes.center_img While underlying revenue actually declined 4.1 percent to about $710 million, the October acquisition of U.S. event producer and publisher, Advanstar, accounted for a significant portion of UBM’s additional $148 million through June. The division boosted its events revenue—totaling almost three-quarters of its total income—by 2.9 percent in the first half. Integration efforts with its new parent company are ahead of schedule, as well, UBM reports. A favorable foreign exchange environment also added to top line growth in the first half, the company notes.last_img read more

SELECTMEN NEWS New Finance Director Town Accountant Appointed

first_imgWILMINGTON, MA — At a meeting last week, the Wilmington Board of Selectmen appointed Bryan Perry, the current City Auditor for Lowell, as the town’s next Finance Director/Town Accountant, by a 4-1 vote.Perry beat out fellow finalist Jennifer Finnegan, the current Town Treasurer/Collector for Tyngsboro. Both were publicly interviewed by Selectmen on May 15.“I think both candidates did an outstanding job and have great resumes,” said Selectman Mike McCoy. “I was impressed by both, but was more impressed by Brian Perry,” said Selectman Kevin Caira. “He has Munis experience and was part of a conversation. He’s also familiar with the Board of Assessors. He’s an auditor. I think either candidate is good. We win with either one of them. For my flavor, I’m partial to Brian Perry.”“Mr. Perry has well-thought out answers to questions he couldn’t have been prepared for in a setting that was not your typical job interview,” added Selectwoman Jomarie O’Mahony. “What really differentiated the two is that Mr. Perry is currently managing a $300 million+ budget for the City of Lowell, which is three times our budget.”“I was partial to Mrs. Finnegan,” said Selectman Jonathan Eaton, who noted Finnegan has nearly 20 years more experience in municipal finance than Perry. “I felt the fraud she uncovered in her prior employment was very impressive. I do feel that she would fit in with the other finance offices here than Mr. Perry might… Experience matters a lot. I’m not going to go home disappointed if Mrs. Finnegan doesn’t get the position. I do think she’s my preference.”“I agree these were two highly qualified candidates. Very educated. Impressive resumes… They’re pretty equal when you look at them side by side. Both did well in the interviews,” said Selectmen Chair Greg Bendel. “I thought Mr. Perry had the edge when it came to interviewing. We can’t wrong with either one.”“Both could perform the job very well. They offer a different set of strengths. Mr. Perry’s municipal accounting experience and as a member of the Board of Assessors gives him a bit of an edge with respect of understanding the Board,” said Town Manager Jeff Hull, when asked for his opinion. “In terms of learning curves, Mr. Perry does not seem to be familiar with the municipal borrowing process, which is certainly something that can be learned… There will be an adjustment for Mr. Perry from going to a city-form government to a Town Meeting/Board of Selectmen… [Mrs. Finnegan] has been a Treasurer/Collector and Town Accountant, which perhaps gives her a greater breadth of experience as Mr. Perry, so there’s pluses and minuses on both sides…. In the end, whichever way the board goes, we’re in a good situation.”On a motion made by Selectman McCoy and a second on Selectwoman O’Mahony, Brian Perry received 4 votes. Selectman Eaton was the lone no vote.Hull told Selectmen he will discuss the terms and conditions for employment with Perry. Perry’s term will expire annually.Current Town Accountant Mike Morris is retiring on July 12.Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedSELECTMEN NEWS: Board To Interview 2 Finalists For Finance Director/Town Accountant On Wednesday NightIn “Government”5 QUICK QUESTIONS with Wilmington’s New Finance Director Bryan Perry (Part 2)In “5 Quick Questions”5 QUICK QUESTIONS with Wilmington’s New Finance Director Bryan PerryIn “5 Quick Questions”last_img read more