Informa Forecasts 31% Revenue Decline in 2020

London-based Informa plc will officially resume its in-person events business with a three-day beauty expo in China during the second week of July, but says its overall revenues will likely decline by about a third this year as the timeline for the return of large gatherings in North America, its biggest market, remains unclear. In a trading update issued Friday, the global B2B media and exhibitions firm said it expects to generate about £2 billion ($2.5 billion) in overall revenue in 2020, which would represent a 30.8% decline from the £2.89 billion it reported in its 2019 financial results. Following a series of acquisitions and divestments over the past two years, in particular its $5.2 billion merger with exhibitions giant UBM in 2018, Informa says it now generates about 65% of its revenues through its events business. More than 160 of its events originally scheduled for 2020 have been either cancelled or postponed until 2021 as a result of the pandemic, the company said, together representing more than $375 million in revenue. Hundreds of others have been converted to virtual events. "Activity in China has picked up pace through the past month, with authorities recognizing the controlled nature of trade shows and with exhibitors confident and keen to participate to help rekindle trading activity," the company said in the trading update. "In Informa’s largest market, the United States, the Group is now assuming a low probability that any physical events will run... Continue reading at 'Folio Magazine'

[ Folio Magazine | 2020-06-12 17:17:56 UTC ]
News tagged with: #clarion events #$500 million #informa plc

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New Study Finds Google Receives an Estimated $4.7 Billion in Revenue from News Publishers’ Content

The News Media Alliance today published findings from a new study that analyzes how Google uses and benefits from news. Continue reading at Editor & Publisher

[ Editor & Publisher | 2019-06-10 15:10:50 UTC ]
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Icon signs trio of memoirs for 2020

Icon Books has snapped up three "very different but equally compelling memoirs" for 2020. Continue reading at The Bookseller

[ The Bookseller | 2019-06-10 10:31:29 UTC ]
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Licensing Expo 2019: Publishers Hunt New Revenue Streams

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[ Publishers Weekly | 2019-06-05 04:00:00 UTC ]
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Digiday Research: Publishers rate YouTube’s revenue potential over other platforms’

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[ Digiday | 2019-06-03 04:01:26 UTC ]
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Doctored video of US House Speaker Nancy Pelosi shows social media giants ill-prepared for 2020

A doctored video showing the US House Speaker "slurring" her words doesn't violate Facebook standards. Continue reading at Stuff

[ Stuff | 2019-05-25 05:42:55 UTC ]
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A doctored video of Nancy Pelosi shows social media giants ill-prepared for 2020

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[ Baltimore Sun | 2019-05-25 00:10:00 UTC ]
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A doctored video of Nancy Pelosi shows social media giants ill-prepared for 2020

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[ Baltimore Sun | 2019-05-25 00:10:00 UTC ]
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George R R Martin sets August 2020 'deadline' for Winds of Winter

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[ The Bookseller | 2019-05-23 19:11:36 UTC ]
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Platform ad revenue opportunities are growing for publishers, but scale still matters

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[ Digiday | 2019-05-22 04:01:36 UTC ]
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Mantel's final Cromwell novel set for March 2020

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[ The Bookseller | 2019-05-21 20:27:05 UTC ]
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[ The Bookseller | 2019-05-21 03:51:48 UTC ]
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Escape reality with these delightful old-time thrillers. You’ll forget 2020 is almost here.

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[ The Washington Post | 2019-05-15 16:32:00 UTC ]
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[ The Bookseller | 2019-05-09 00:00:00 UTC ]
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[ The Huffington Post | 2019-05-08 11:31:20 UTC ]
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Hachette UK revenues fall 3.7% in first quarter, Lagardère reveals

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[ The Bookseller | 2019-05-08 00:00:00 UTC ]
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[ The Bookseller | 2019-04-25 00:00:00 UTC ]
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The Economist Group Names Informa’s Lara Boro Its Next CEO

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