By Greg Hazley
PR Newswire parent company United Business Media reported a 13.7% increase in first quarter revenue to £237.7M, including a 9.1% rise at PRN as targeting distribution and monitoring business brought in £46.9M (about $76M) during Q1.
UBM said today that continued growth at PRN's digital/broadcast division MultiVu and Edgar filing service Vintage complemented a "robust performance" in its U.S. newswire.
Its margin decreased on higher IT costs, sales and product investments and other factors.
Events are PRN's largest segment at 84.1M in Q1, a 33% increase on acquisitions and an improved climate.
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