MAIN NEWS HEADLINES
March 16-31, 2004 Edition
Taylor & Francis,
Powerful MergerLONDON/03/03/04—Taylor & Francis and Informa publishing groups have announced a £1.1 billion merger, creating a powerful new information conglomerate in the UK with an annual turnover of more than £490 million.
The new company, to be called T&F Informa, is expected to open new markets, strengthen revenues for both entities, and save about £4.6 million, with the two units combining IT, distribution and printing. Informa shareholders will own 51 percent of the new company and Taylor & Francis shareholders will hold 49 percent.
Taylor & Francis, founded in 1798, owns the Routledge publishing brand and publishes about 2300 books and 800 journals annually.
Informa publishes Britain’s oldest daily newspaper, Lloyd’s List, and other trade magazines such as Biotechniques, and manages 3,000 exhibitions and conferences every year.