NEW YORK — Light Reading (www.lightreading.com) today announced that it has been sold back to one of its original founders, Stephen Saunders, by current owner UBM plc. Terms of the deal were not disclosed, but UBM will retain a significant minority stake in the business.
“I’m delighted to be back at my alma mater,” said Saunders. “This is the perfect time to be back in charge of the largest and most engaged community of qualified telecom decision-makers in the world. And we are very pleased to have UBM as a partner as we continue our journey forward.”
Saunders’s immediate plans for the brand center on significant investment, doubling the size of its database of carrier and service provider executives, and adding a dozen new staff ‒ including eight new editors and analysts. He also announced changes to Light Reading’s media pricing to make the publication more competitive. “The bottom line is that the companies that make up the world’s $2 trillion telecom supply chain can expect much more coverage from Light Reading, in much more detail,” said Saunders.
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