Divisional Reorgansation

Centaur Media PLC 15 February 2008 Centaur Media plc ("Centaur" or the "Group") Reorganisation of Marketing & Creative Division to drive growth in new product development Following a strategic review of its publishing operations, certain organisational changes are to be implemented in order to facilitate a more consistent multi-media strategy across all sectors in the Group and to drive growth in new product development. Tim Potter, MD Business Publishing, is to take direct responsibility for the key brands in the Marketing & Creative Division, bringing them under a single management for the first time. Tim will implement plans to deliver an effective programme of new product development, with a particular emphasis on online product and a greater integration between our major brands in this division, in line with the successful strategies pursued in other Centaur divisions. As a result of these changes, three senior Publishing Directors will leave Centaur to pursue other opportunities outside the Group. Geoff Wilmot, Chief Executive Officer, said: "The emergence of the internet as a communication and marketing tool is creating significant opportunities and challenges for the marketing and creative services communities. Centaur owns the leading brands serving these markets, including Marketing Week, New Media Age, mad.co.uk, Design Week and Creative Review, which report within the Marketing and Creative Division. "When we announce our Interim Results on 28th February, we expect to report satisfactory underlying growth in revenues and margins in this Division in the first half of our financial year. However, we believe that the future long-term growth opportunities for this Division will be greatly enhanced by the adoption of a more coordinated strategy, in order to take full advantage of the exceptional brands we own and the market relationships that stem from them. "Tim Potter has worked at Centaur for 21 years, initially on Money Marketing, one of Centaur's leading titles, where he became editor and then publisher. Subsequently, he took responsibility for Centaur's largest division, Legal & Financial, which has delivered exceptional growth and margin improvement in the past four years. In July 2006, he was appointed MD Business Publishing, with responsibility for all of Centaur's business publishing operations. He has exceptional experience of publishing across all media and is ideally equipped to develop and deliver effective solutions for this sector." Enquiries: Centaur Media plc Geoff Wilmot Tel: 020 7970 4000 Mike Lally Tim Potter Gavin Anderson & Company Robert Speed Tel: 020 7554 1400 Janine Brewis About Centaur Media plc: Centaur's product portfolio currently includes 10 weekly or fortnightly magazines, 21 other magazines, over 20 online products or services, 25 awards or other sponsored events, 20 exhibitions and 80 conferences. Centaur reports its results within 5 distinct business sector segments, namely Marketing and Creative, Legal and Financial, Engineering and Construction, Perfect Information and General Business Services. The first 3 segments comprise principally the following vertical business communities in which Centaur publishes market-leading magazine titles: Marketing Services, Creative Services, New Media, Retail Financial Products, Legal Services, Engineering, Private Homebuilding. Centaur also enjoys strong positions in a number of other specialist communities, namely HR, Construction, Supply Chain & Logistics, Recruitment and Public/Private Finance. In addition, it serves the Business Travel community with 3 leading trade shows in the UK and overseas and an associated web service. This information is provided by RNS The company news service from the London Stock Exchange
UK 100

Latest directors dealings