Centaur buys Taxbriefs as advertising revenue climbs

Centaur Media has acquired the
entire share capital of Taxbriefs for a consideration of
£1.9m.

Taxbriefs, a provider of tax
information and advice to the retail financial products community, produces a
number of technical conferences as well as paid-for financial publications and
materials for independent financial advisers.

“Taxbriefs has established an
excellent reputation over many years as a supplier of high need content to the
IFA community, we are very excited by the opportunities that this acquisition is
expected to bring,” said Centaur chief executive Geoff
Wilmot.

Centaur reported a five per cent
year-on-year increase in advertising revenues last month, with its events arm
reporting a loss.

The interim results for the first
four months of the year reveal that the five per cent includes a 20 per cent
increase in recruitment advertising, with online advertising revenue also
growing by 11 per cent. Over the same four month period however, Centaur’s event
business saw revenues slightly down.

However, Centaur’s largest show, the
National Homebuilding and Renovating Show has an exhibitor rebook of over 80 per
cent for 2011, which is 10 per cent up on 2010’s.

Paul Colston

Author

Paul Colston

Managing Editor, Conference News & Conference & Meetings World.

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