Pass the parcel at UBM

United Business Media is rationalising its US businesses. According to a report in BtoB Online, the US healthcare business currently under CMP Media will be transferred to CMP Medica - makes sense. CMP Media with become CMP Technology. Makes sense too.

What caught our eye, however, was the statement that the cruise shipping and beauty trade fair and conference businesses in the US will now be managed by CMPi based in London. Only 12 months ago, those businesses were, through accidents of acquisition, part of the CMP Asia portfolio. Must be a bit confusing for the guys trying to run those businesses. Hold tight lads, you'll probably be reporting to Hong Kong again within a year. Such is life in large corporations....they survive and thrive despite themselves.