More on VNU's take over of CMP London
Not an awful lot of money is expected to change hands between VNU and Miller Freeman -- VNU will buy CMP UK and France lists, and will take on liabilities. Question is, how many will go before the takeover is completed? Word on Broadwick Street is that VNU only wants 35-40 CMP bodies. CMP has 157 staff in the UK. Junior hacks have little to fear (but you can keep your CVs rolling in). The same cannot be said for sales and publishing honchos. Fat salaries, contributory pensions and private health insurance are simply not VNU UK's style. Unlike CMP Europe, VNU actually likes to make a profit. And now an apology is due to CRN UK's sales johnnies, who are really doing rather well. It must be their rivals at MicroScope we were thinking of, when we talked of underperforming. In terms of UK channel pubs marketshare, CRN was number one in June and it has the audit figures to prove it, so there. Congratulations, all round. Will it be enough to save the magazine? We hope so, but there really isn't enough room for three channel weeklies in the UK.