Centaur buys Taxbriefs as advertising revenue climbs
07-Jun-10by Annie Byrne
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 decline year-on-year for the first four months of 2010.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.