United Business Media Acquires Commonwealth Business Media For $154M
United Business Media, the parent company of PRNewswire and CMP, announced today the $154 million purchase of New Jersey-based Commonwealth Business Media.
And, if you’re at all interested, you may never read a more corporate internal memo than this one — replete with “town hall-type” meetings and “brand platforms,” courtesy of CBM’s Alan Gass:
MEMORANDUM
TO: All CBM Employees
FROM: Alan Glass
SUBJECT: Important Company News
________________________________________________________________________
I am very pleased today to announce that we have signed an agreement to be acquired by United Business Media.
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