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

China could tighten grip over Hong Kong

first_imgProtesters break into the Legislative Council building during the anniversary of Hong Kong`s handover to China in Hong Kong, China on 1 July. Photo: ReutersChina on Tuesday deplored violence in Hong Kong that saw protesters ransack the city’s legislature, fuelling expectations it will take a tougher line on the territory, even as details of the scenes of vandalism went largely unreported on the mainland.Massive protests in the former British colony that began early last month came to a head overnight on Monday, prompting predictions that the police would take a harder stance, the city would be forced into a tighter embrace with the mainland and Hong Kong leader Carrie Lam would be forced out.Beijing called the violence an “undisguised challenge” to the “one country, two systems” model under which Hong Kong was granted a high degree of autonomy when it was returned to China in 1997.”We express outrage about this and strongly condemn it,” China’s foreign ministry office in Hong Kong said in a statement.Millions of people have taken to Hong Kong’s streets in recent weeks to protest against a now-suspended extradition bill that would allow people to be sent to mainland China to face trial in courts controlled by the Communist Party.The backlash comes amid growing resentment over what many in Hong Kong see as declining freedoms as China tightens its grip over the territory under the leadership of president Xi Jinping, who warned two years ago that Beijing would not tolerate any challenge to its authority in Hong Kong.The official China Daily newspaper, published in English and often used by Beijing to get its message out to the rest of the world, said that the best way to deal with Hong Kong was yet further economic integration with the mainland.”The only way for (Hong Kong) to sustain economic growth and maintain stability is for it to further integrate its own development into the nation’s overall development, especially by playing its part in advancing the Belt and Road Initiative and Guangdong-Hong Kong-Macau Greater Bay Area,” it said in a Tuesday editorial. Belt and Road is a string of ports, railways, roads and bridges and other investments connecting China to Europe via central and southern Asia.”Both development programmes serve as practical platforms for Hong Kong to generate more growth momentum that can be translated into practical benefits for local residents.”Tougher LineKenneth Ka-Lok Chan, an associate professor at Hong Kong Baptist University and a former Hong Kong lawmaker for the pro-democracy Civic Party, expects Beijing to back Hong Kong to crack down even further.”They will rely heavily on the police force to restore so-called law and order, so the police will be further reinforced in terms of aggressiveness against protesters,” he said.Mathew Wong, an assistant professor of social sciences at the Education University of Hong Kong, said Beijing was likely to let the protests peter out.”Like the Umbrella Movement, the protest cannot keep up the intensity forever, especially when the option of letting the police put them down is readily available,” he said, referring to the pro-democracy “Occupy Central” movement that lasted 79 days in 2014 before police cleared protesters.He also said Lam was unable to retain her job, even if Beijing keeps her in place for the time being to save face. The central government has repeatedly expressed its support for Lam and for her decision last month to suspend the extradition legislation.”Regardless of whether the initiative was her idea or Beijing’s, the fact that it turned out to be a mess is fatal.”One Beijing-based Western diplomat, speaking on condition of anonymity, said it was significant that Xi himself had not come out and offered public support for Hong Kong’s embattled leader yet, keeping a low profile while the territory convulses.Foreign ‘Black Hand’China has blamed the “black hand” influence of foreign governments, especially the United States and Britain, for the unrest in Hong Kong, a view that one Chinese official told Reuters was reinforced by the destruction in the legislature.”It’s the Western countries who are encouraging them. It’s very obvious,” the official said, declining to be identified given the sensitivity of the matter.On Chinese social media, users flooded the comments sections of state media posts condemning the violence, calling for Beijing to respond harshly, although the unrest was not fully covered in state media and footage was blocked on the mainland’s heavily censored internet.”Declare martial law or Hong Kong has had it,” wrote one on the Twitter-like Weibo site, though there has been no sign People’s Liberation Army forces based in Hong Kong have been put on standby should things get totally out of control.”Send in the tanks to wipe them out,” wrote another.On the streets of Beijing, some people said they had not seen news of what had happened in Hong Kong.Nursing graduate Zoey, 26, said she hadn’t paid much attention to Hong Kong’s “problems”.”Have you seen anything of Hong Kong’s demonstration? No, I haven’t heard of anything. Because we normally read Weibo, but if it didn’t get to the hot topics on Weibo then we wouldn’t see it. Sorry.”last_img

Two arrested in Bagdogra murder case

first_imgSiliguri: Two persons have been arrested in connection with the murder of a couple at Bagdogra near here, a senior police officer said. The two persons were identified as Sanjay Tamang and Bhumika Sheva and the latter was an employee of the victim, Ajay Kushwah, who used to supply staff for catering service. Both of them were arrested from the couple’s house at Sukantanagar locality yesterday, DCP Tarun Haldar said. Old enmity and greed for money had led to the killing of the couple — Ajay Kushwah and Meena Kushwah, DCP Tarun Haldar said. Also Read – Rain batters Kolkata, cripples normal life Ajay Kushwah had received payment from a customer on that day and Bhumika Sheva, who used to stay in the third floor of his house, had seen him keeping the money, the DCP said. She had told Sanjay Tamang, with whom she was in a relationship, about it and Tamang decamped with the money. Bhumika’s room was found locked from outside on that day while the rooms of other tenants were not locked from outside, the DCP said. During inquiry, the police came to know that Bhumika Sheva was present in the third floor of the house and she was awake when the incident had occurred. Money kept in the house was also found to have been stolen. This made the police suspicious and they started questioning her following which the duo were arrested. When the employees had come to the couple’s house after completing their work on Saturday, they had found the bodies lying in a pool of blood.last_img read more

Promoting JK Tourism

first_imgIn an initiative to strengthen tourism and to promote the culture of Jammu and Kashmir, Tourism Department organised a massive road show at Lalit Hotel in the national Capital. North India’s prominent travel trade representatives were invited to witness the impressive presentation from the department which showcased Jammu and Kashmir as one of the best destinations for its natural beauty, landscapes, gushing water streams, adventure tourism, crafts and cuisine, history and heritage, adventure tourism, lake tourism, MiCE and golf tourism. Also Read – ‘Playing Jojo was emotionally exhausting’Farooq Ahmed Shah, Secretary, Tourism  briefed the gathering about the 5500 year old history of Kashmir, the heritage and hospitality of the state for which Jammu and Kashmir is famous all over the world. He assured to provide best and upgraded services to visitors in 2016.RK Verma, Director, Tourism, Jammu; Mahmood A Shah, Director, Tourism, Kashmir and other officials of Tourism, JKTDC and SKICC were present at the road show.last_img read more