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As Economy Rebounds, Emerald Expo Books Strong Fiscal 1st Quarter Results

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2021 CEDIA Expo owned by Emerald Expositions
The 2021 CEDIA Expo, owned by Emerald Expositions [Click to enlarge]

Value of EEX Stock Increases Nearly 19% on the Announcement

Emerald Holding Inc., the parent company of Emerald Expositions, a division that owns the CEDIA Expo trade show and CEPro media, announced its results for the first quarter of its fiscal 2022 year today – and these results clearly showed a strong rebound from the last two COVID-19 impacted years. With both revenues and earnings showing substantial increases, Emerald’s President and CEO Hervé Sedkey stated that “…we are in the midst of a robust recovery.”

See more on the Emerald first quarter 2022 results

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Who Owns the CEDIA Expo? And Other Important Questions of Context

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CEDIA Expo 2021

As I am sure that most readers of this post will know, during CEDIA Expo at the beginning of September, I published a continuously updated post tracking which previously announced exhibitors subsequently made the decision to pull out of the event as the COVID Delta variant raged on. A remarkable realization occurred as I worked on that post, literally speaking with dozens, if not hundreds, of exhibitors and attendees for that event – many of them were confused about who owned the CEDIA Expo!

See why who owns the CEDIA Expo matters…

[Read more…] about Who Owns the CEDIA Expo? And Other Important Questions of Context

Emerald Losses Continue in Fiscal 1st Quarter; Sues Insurance Providers

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CEDIA Expo 2019...owned by Emerald

Owner of CEDIA Expo & CE Pro Plan Return to Live Events in 2nd Half

Emerald Holding Inc. (NYSE:EEX), formerly Emerald Expositions Events Inc., the national B2B exposition company that owns the CEDIA Expo show as well as certain industry publications such as CE Pro, announced last week financial results for their fiscal first quarter. The news was bleak with a massive decline in revenues and a large net loss as the company is still suffering from the impact of the COVID-19 lockdowns.

Emerald made several other announcements as well. The company says it has acquired an online photography education business, and – perhaps more ominously – it has filed a lawsuit against their event cancellation insurance providers.

Learn more about the Emerald 1st quarter report…

[Read more…] about Emerald Losses Continue in Fiscal 1st Quarter; Sues Insurance Providers

CEDIA Expo & CE Pro Owner Emerald Expo Books $633.6 Million Net Loss

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Emerald Expositions logo

That an exposition company lost money in 2020 is not surprising. That an exposition company (Emerald) that has cancellation insurance to cover lost revenues on every show they own that was cancelled during the year – and still lost $633.6 million in fiscal 2020 – is surprising.

See the Details Behind This Big Loss at Emerald…

[Read more…] about CEDIA Expo & CE Pro Owner Emerald Expo Books $633.6 Million Net Loss

Despite 90 Virtual Events & $40M in Claims Income, Emerald Loses $22.3M

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Emerald Holding logo

Emerald Holding, Inc. (NYSE:EEX), formerly Emerald Expositions, reported their fiscal 2020 third quarter results this week and despite their best efforts to shift their business to online virtual conferences, the company reported revenues of just $8.5 million and generated a net loss of $22.3 million. This loss was even deeper than their loss of $19.7 million in the same quarter in 2019 which was well before the COVID-19 pandemic hit the U.S.

See more on the results for Emerald Holding this past fiscal quarter…

[Read more…] about Despite 90 Virtual Events & $40M in Claims Income, Emerald Loses $22.3M

Another Tumultuous Year for Emerald Expositions in Fiscal Q4 & Full Year 2019

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Owner of CEDIA Expo & CE Pro, Emerald Books Revenue Drop of $20M & a Record $50 Million Net Loss

Emerald Expositions Events, Inc. logo

I hardly know where to begin, there’s so much to unpack here from a 20-page quarterly report and a 210-page annual report. Emerald Expositions Events, Inc. [NYSE: EEX] has released their fiscal 2019 fourth quarter and full year results…and it’s hard to overstate the level of turmoil exhibited there. What kind of turmoil, you ask? Read on…

Tremendous turmoil: sales declines, record losses, executive turnover and more at Emerald Expositions…

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CEDIA Celebrates, Hoping You Don’t Notice That Little Spark Catching in the Corner

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Photo of CEDIA HQ
CEDIA’s new headquarters building in Fishers, Indiana

On March 28th CEDIA held a grand opening gala to celebrate their brand new $14 million glass and stone castle in Fishers, IN with about 250 of their closest friends. Depending on your viewpoint, this new facility is either a shining shrine to the strength of the custom integration tech association – or it is a monument to the monumental arrogance and ego of an association that is drifting further away from the very community it purports to serve.

But what many of these guests to the opening celebrations didn’t know was that, as they sipped champagne and oohed an ahhhd over the new gorgeous digs, there was yet another small member flare-up taking place in the background…with significant members expressing strong dissent on yet another Association initiative.

See more on this two worlds of CEDIA…

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Emerald Expositions CEO Resigns, Q3 Results Released

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For Owner of CEDIA Expo, There’s Trouble in Emerald City

Emerald Expositions logoEmerald Expositions’ stock nose-dived 19% in early afternoon trading last Thursday as the company released its third quarter fiscal results and announced that David Loechner has resigned as the company’s President and CEO. Current CFO Philip Evans takes over as Interim President and CEO.

What’s going on at Emerald Expositions?… [Read more…] about Emerald Expositions CEO Resigns, Q3 Results Released

The Top 3 Integration Trade Media Groups Were All Acquired in Last 12 Months

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Trade media graphicJust What the Heck is Going On Here?

On Tuesday we learned that select properties of EH Media – owner of CEPro, Commercial Integrator, Security Sales & Integration, Campus Safety and others – had been acquired by Emerald Expositions (the new owner of the CEDIA Expo). Earlier this year, U.K.-based Future plc, a global media company, acquired U.S.-based NewBay Media – parent of Residential Systems, Sound & Video Contractor, AVTechnology and others. And almost exactly one year ago, IFA – producer of the largest consumer electronics trade show in the world (held in Europe) – “partnered” or acquired a significant stake in NAPCO Media’s consumer technology division – parent of Dealerscope, Technology Integrator, and Connected Design.

So that’s three of the top custom integration trade media companies all acquired within the last 12 months. What the heck is going on here?

It’s crazy days in the CI trade media world… [Read more…] about The Top 3 Integration Trade Media Groups Were All Acquired in Last 12 Months