Radio group Chrysalis has said its 2005 financial year has had an ‘encouraging start’, as first quarter revenues are expected to reach high single digits.Chrysalis, owner of London’s Heart 106.2 station, said in a trading update that revenues for the 12 months to 31 August 2004 have met expectations, growing 20% year-on-year to £67 million.Although… Continue reading Chrysalis Sees An Encouraging Start To Financial Year

Commercial broadcaster, ITV, has this morning agreed to sell its 5.5% stake in French multimedia group, Thomson SA, to Citigroup Global Markets and UBS Limited, as part of its £600 million programme to sell-off non-core assets.The 15.5 million shares held in Thomson, which were believed to be the jewel in ITV’s crown, originated from Carlton’s… Continue reading ITV’s Sell-Off Continues With Stake In Thomson

Mobile phones are becoming increasingly more than just a communications device, according to a new report from Continental Research, as the number of people using their phone as a camera becomes even more popular.Over the past 12 months, the number of adults in the UK who own a mobile phone has grown to nearly 8… Continue reading Mobile Phones Not Just Used To Communicate

European countries will not have achieved the full switch to digital television by 2010 despite the best efforts of Governments across the continent to promote the transition, according to the latest research from Informa Media Group.Despite many of Europe’s Governments working towards plans to ensure the analogue signal is switched-off in the next six years,… Continue reading European Plans For 2010 Digital Switch-Off Falter

Ulster Television saw pre-tax profits for the first six months of this year jump by an impressive 45% to £6.2 million, driven by a strong increase in advertising revenue.Revenue from television advertising met expectations from January to June 2004, growing by 16% and outperforming the ITV network as a whole, which grew by only 3.8%… Continue reading Impressive Profit Growth For Ulster Television

Cable & Wireless is planning the rollout of a range of high-speed broadband internet services, which are expected to be at least four times as fast as the connections offered by rivals such as British Telecom and Telewest.The telecommunications company claims that up to £50 million will be invested in ‘local loop unbundling’, which means… Continue reading C&W Rivals BT With Four Times Faster Broadband Offering

Outdoor advertising group, JCDecaux, has unveiled record results for the first six months of this year, as operating income pushed up by nearly 14% to €125.3 million, reflecting the recovery in the European advertising market.Revenues for the Paris based group grew by 4.5% to €792.3 million from January to June, driven by a good performance… Continue reading European Advertising Recovery Spurs JCDecaux Profits

Profits at advertising group, Havas, have experienced an impressive turnaround over the last twelve months, rising to €14 million during the first half of this year, compared to a net loss of €58 million for the same period last year.Havas, which lost out on a bid for Grey Global this week to rivals WPP, also… Continue reading Havas Back In The Black With Impressive Profits

The Wireless Group has today announced that operating profits have grown by 108% to over £1.1 million during the first six months of this year, driven by the ‘storming’ success of its flagship station national speech station talkSPORT.Along with today’s interim results, plans were unveiled for a new talkSPORT Sky television channel, which will aim… Continue reading Wireless Revenues Driven By Success Of talkSPORT

The Independent‘s recent transition from broadsheet to compact tabloid has helped push post-tax profits at its parent group, Independent News & Media, up by over 42% to €68.1 million during the first six months of this year.From January to June 2003, operating profit at the Irish-based company has grown by over 25% to €129 million,… Continue reading Record Results Push Independent’s Profits Up 42%