By now most of my friends and media colleagues who read this blog have heard that we recently created 4 individual business units out of what was CMP Media. The strategy of creating 4 autonomous businesses to accelerate growth and innovation is one I've been an active participant in developing and something I'm thrilled to be a part of, serving as CEO of TechWeb.
TechWeb, the global leader in business technology media, is an innovative business focused on serving the needs of technology decision-makers and marketers worldwide. TechWeb produces the most respected and consumed media brands in the business technology market. Today, more than 10 million business technology professionals actively engage with and rely on our global face-to-face events Interop, Web 2.0, Black Hat and VoiceCon; online resources such as the TechWeb Network, Light Reading, Intelligent Enterprise, InformationWeek.com, bMighty.com, and The Financial Technology Network; and the market leading, award-winning InformationWeek, TechNet Magazine, MSDN Magazine, Wall Street & Technology magazines. TechWeb also provides end-to-end services ranging from next-generation performance marketing, custom media, research, and analyst services. TechWeb is a division of United Business Media, a global provider of news distribution and specialist information services with a market capitalization of more than $2.5 billion.
Establishing individual businesses out of CMP was part of a multiyear strategy that has transformed our company. I’d humbly suggest our transformation is something that has changed business to business media and will be emulated. There was significant media coverage of our announcements but I think the BusinessWeek piece captured the strategy, the changes in media and our company the best. As I've mentioned before we will look back at this era and realize we were participating in one of the biggest revolutions in media in the last 100 years. It is truly a time of transformation and change. I was taught early in my career that in the media business you can either be the driver of the car, the passenger or road kill. Keep your hands on the wheel, your eyes open and drive on my friends.,