Like for like airtime revenues at Capital Radio are expected to rise by 2% during the six months to 30 September, the group announced in a trading statement this morning. Revenues were down 7% in the six months ended 31 March and, accordingly, the group expects revenues to be down by 2% for the year… Continue reading Capital Radio Sees 2% Revenue Decline, Tarrant Stays
ARCHIVE ▸ The Media Leader Staff
As expected, Chrysalis Radio has this morning announced the acquisition of London News Radio (LNR) from rival GWR Group for £23.5 million (see Chrysalis To Swap Galaxy 101 For London News Radio). The acquisition of LNR, which operates the LBC and NewsDirect stations, will strengthen Chrysalis’ position in the key London market, increasing the group’s… Continue reading Chrysalis Takes GWR’s LNR And Sells Galaxy 101
Airtime revenues at GWR Group are forecast to be flat for the six months to 30 September, slightly behind the trading at Capital Radio, which saw a rise of 2% over the same period (see Capital Radio Sees 2% Revenue Decline, Tarrant Stays). In a trading statement today, GWR says that UK like for like… Continue reading GWR Revenues Stay Flat In First Half
The troubled media giant, Vivendi Universal has vowed to look to the future as it bids to reduce the huge debts built up by former chief executive, Jean-Marie Messier. Current boss Jean-René Fourtou has committed the company to an asset disposal programme that is designed to raise E12 billion over the next eighteen months. He… Continue reading Vivendi Unveils Asset Disposal Plans
Internet spending in the US is set to increase by an average of more than 25% this year, according to a new report from eMarketer. Average online expenditure fell last year but in its latest report, Retail Industry Online, eMarketer estimates that US internet users will increase their annual spending from an average of $866… Continue reading US Online Buyers To Increase Spending
Four UK radio operators have released trading figures this week, with revenues showing that conditions remain pretty tough, with no obvious, strong upturn visible at present. Capital Radio this morning said that revenues were down 2% in the year to September, whilst the six month period showed a growth of 2% (see Capital Radio Sees… Continue reading UK Radio Trading Figures Comparisons
The level of consumer acceptance for mobile gaming could determine the success or failure of 2.5G and 3G wireless, according to a new report from Alexander Resources. The research firm claims that wireless carriers and handset manufacturers will need to tap into the lucrative youth market if they are to succeed in convincing the public… Continue reading Mobile Gaming Key To 3G Uptake, Says Report
Mobile data services are still in their infancy in the US but a new report from The Yankee Group predicts that there will be more than 23 million subscribers by the end of the year. The research company estimates that wireless data revenue growth will increase at a compound annual growth rate of nearly 89%… Continue reading US Mobile Data Sector Set To Boom
Chrysalis Radio is in advanced discussions to take control of LBC’s owner, London News Radio, from GWR Group, the group has confirmed this afternoon. No figure was cited in Chrysalis’ statement, but press reports speculate that the group will pay in the region of £25 million for LNR. However, the acquisition would be part of… Continue reading Chrysalis To Swap Galaxy 101 For London News Radio
Radio content and programme producer UBC Media Group this morning said that its revenues are expected to be up by 20% year on year for the six months to 30 September 2002. Growth has been particularly strong at Classic Gold Digital, with revenues up 58% to around £2.2 million. UBC acquired the Classic Gold business… Continue reading UBC Figures Show Positive Radio Revenue Growth