Miller Freeman is to sell four of its UK publishing divisions and all of its operations in France, Germany, Italy and Sweden following a major review of its business.
The company has been considering its strategic direction for six months but the sell off has beenaccelerated by the merger dealbetween parent company United News & Media and CarltonCommunications.
The four UK divisions to be sold are food, sport, sign and franchise, containing approximately 10 magazines and exhibitions. The food division includes the Convenience Retailing Show, Food Manufacturing Magazine, Food and Drink Expo and Forecourt International.
Sign includes the Asia Pacific Sign and Screen Printing Magazine while Franchise includes Business Franchise Magazine. The main item in the sport division is SGB UK. Around 30 UK staff are affected by the move.
Miller Freeman, under worldwide chief executive Tony Tillin, said it was too early to say when the disposals might take place. But it added it hoped to sell its European titles as a package. It is also disposing of some of its US interests.
“We are not exiting these markets because they are unprofitable but because of a strategic review,” said a spokesman. “We have too many businesses to fund all the development they require.”