Highbury Housee Communications shareholders have approved the group’s £32 million acquisition of video game magazine publisher, Paragon Publishing (see Highbury House To Buy Paragon Publishing For £32m). Highbury says that the deal will create one of the UK’s leading special interest consumer publishers and the third largest publicly-quoted consumer magazine publishing group. As part of… Continue reading Shareholders Approve Highbury’s £32m Paragon Acquisition
ARCHIVE ▸ The Media Leader Staff
The downturn in the global recording industry and the current lack of legitimate download services have prompted Jupiter Research to cut its forecast for online music spending. Internet sales of recorded music fell sharply during 2002 with unlicensed file sharing widely held to be responsible (see Online Music Sales Hit A Low Note). More than… Continue reading Online Music Market Growing Slowly
The Wireless LAN market will double in size in the space of five years, according to a new study from Dell’Oro Group. The market research firm estimates that WLAN revenues will increase from $1.5 billion in 2002 to $3.1 billion in 2007, with all product categories contributing to this growth. The report indicates that most… Continue reading WLAN Market To Exceed $3 Billion By 2008, Says Report
Multichannel television commanded a greater share of viewing than ITV1 in Q2 for the first time in a quarterly period, according to the latest IPA Trends In Television report. The figures show that multichannel stations took a 23.9% share of all viewing across Q2, whilst ITV1 dipped to 23.6% – its lowest figure on the… Continue reading Multichannel Passes ITV1 In Q2 Share Of Viewing
BSkyB has sold its 9.9% stake in Chelsea Football Club to Roman Abramovich, the Russian oil billionaire for an undisclosed amount. The satellite broadcaster has already written off most of its £40 million investment in Chelsea which is now almost wholly owned by Mr Abramovich. According to The Times, BSkyB will receive £5.9 million for… Continue reading BSkyB Cuts Its Losses In Chelsea
First quarter underlying revenues at GWR Group were up by 0.4% year on year, driven by a good performance at the Local Radio Group (LRG). Strong national spend helped push LRG’s Q1 revenues up by 8%. At Classic FM, however, advertising has remained volatile, with a 16% dive in Q1 revenues, largely as a result… Continue reading Local Radio Group Helps GWR Stay Positive
French advertising and marketing giant Havas has confirmed that it is to undergo major reorganisation as it seeks to boost revenues in “challenging” market conditions. Havas, the world’s sixth-largest advertising group, said today that revenues had fallen by 19% to Â836 million in the first half. This was attributed mainly to the recent rise in… Continue reading Havas Takes Steps To Reverse Sales Decline
Telewest Communications today announced reduced losses for the first six months of 2003 as it prepares to hand control to bondholders in a debt-for-equity swap. The cable company said that total sales were flat at £674 million but spending cuts have enabled it to trim net loss by 13% from £239 million in the first… Continue reading Telewest Looks To Turn Corner In Second Half
Trinity Mirror has announced plans to dispose of its Northern Ireland newspaper division, confirming rumours that the business would be sold as part of a broader structural review of the company (see Trinity May Sell Irish Titles). The division comprises the Derry Journal and Century Press & Publishing businesses which produce six titles in Northern… Continue reading Trinity Mirror Review Sheds NI Titles, Retains Nationals
Chrysalis Group has this afternoon confirmed the sale of its television assets to a trio of former ITV executives, following a preliminary agreement announced in April (see Chrysalis To Sell Television Group To Former ITV Heads). Steve Morrison (former Granada chief executive), Jules Burns (former managing director of operations at Granada) and David Liddiment (former… Continue reading Chrysalis Makes £45m TV Sale To Former ITV Heads