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VNU pays $4m for CMP UK and France

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Not very much, is it?

By Drew Cullen • Get more from this author

Posted in Business, 10th August 1999 07:55 GMT

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So the deal is now done: VNU has bought CMP’s lossmaking French and UK businesses from United News & Media for the pathetic sum of $4 million. The divestiture of these businesses will "also result in considerable savings for CMP", according to United News & Media. It is shutting down Windows Magazine in the States, and integrating certain CMP back office functions with its Miller Freeman sub(this is a euphemism for clerical lay-offs), as part of its move to save $40 million annually from the profligate American publisher.

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