UBM Buys Light Reading
United Business Media, former owner of NOP World, has acquired Light Reading Inc, a market research, events and publishing company for the telecoms industry. Light Reading will be an autonomous business unit within CMP Media, a division of UBM.
Light Reading, which was launched in 2000, provides research and advisory services via its MR company Heavy Reading, as well as producing online publications, web- based seminars (webinars) and live events. The company hopes that CMP's strong position in the business market will help Light Reading further expand its reach.
Stephen Saunders, co-founder and CEO of Light Reading, will remain President of Light Reading, and become Senior VP of CMP's newly formed Communications Group. He will report directly to Steve Weitzner, CMP's Executive VP and COO, and all Light Reading employees will become part of the CMP Media organization.
Gary Marshall, President and CEO of CMP Media, says the acquisition will put CMP in 'a unique position to serve the telecommunications industry', making use of Light Reading's research, events and services.
Light Reading is online at www.lightreading.com , while CMP Media is at www.cmp.com