In 2005 UBM re-focused on two principal businesses: PR Newswire, a global news distribution business; and CMP, an international events, print and online publishing business. It disposed of NOP which was acquired by GfK for £383 million in 2005. In September 2006, NewBay Media acquired CMP Entertainment Media from United Business Media. The trade book operations of CMP were sold to Elsevier and Hal Leonard. It went on to acquire Commonwealth Business Media for $152 million in 2006. On 1 July 2008, as part of a reorganisation of the corporate structure of the Group, United Business Media Limited (UBML) was created as a new holding company and parent company of the Group. UBML is UK-listed and incorporated in Jersey. In 2010 the principal holding company of the United Business Media group (the "Group") was organised into five operating segments: Events, TD & M, Data Services, Online and Print.