Capital Radio has acquired a 19% stake in Tainside, the company which owns and operates the two Choice FM radio stations in London. The group paid £3.3 million for the interest and has an option to acquire the remaining 81% of the issued share capital of Tainside. The transaction values the entire business at £16… Continue reading Capital Radio Takes Stake In Choice FM

UK public relations and advertising group, Chime Communications, has bought Jaques Russell, a property marketing company, for an initial £350,000, to be paid in cash and shares. A further £350,000 may payable depending upon the gross profits generated by the business in the period of up to 15 months following completion of the deal.

Zenith Media has launched a damning attack on ITV’s decision to press on with the investment in its digital terrestrial TV service, ITV Digital. According to the MediaGuardian website today, the media buying agency – one of ITV’s biggest customers – has said in a report that nothing short of ‘divine intervention’ will save the… Continue reading Zenith Report Scorns ITV’s Digital Plans

Newspaper publishing groups Johnston Press and Trinity Mirror are considering whether to ask approval from the Competition Commission for the proposed acquisition by Johnston of eight free weekly local papers from Trinity. The announcement follows Competition Minister Melanie Johnson’s decision not to allow the deal to go ahead without investigation by the Competition Commission first.… Continue reading Johnston Considers Requesting Regulator Approval For Trinity Papers Acquisition

WPP is thought to be waiting to have a look at the interim financials of UK media planning and buying agency Tempus before deciding whether or not to proceed with its 555p per share takeover plan (see Tempus Confirms WPP Offer). WPP is now in a position to seal the deal unchallenged, following the withdrawal… Continue reading WPP Waits On Tempus Results Before Making A Move

The entire media sector has been substantially downgraded by analysts at ABN Amro, following the attacks on the US on Tuesday 11 September. The broker says that the outlook for advertising has deteriorated ‘significantly’ in the two weeks since the tragedy and there will be a negative short-term effect, particularly for broadcasters. ABN is now… Continue reading ‘Deteriorating Prospects’ For Media Sector

The continuing advertising deterioration which has severely hit the television sector, is also having an impact on the radio industry, according to broker ABN Amro. Analysts there have just cut their forecasts for radio, with the adjusted figures predicting an 8.6% decline in 2001 and growth of just 0.3% in 2002. As radio revenue data… Continue reading Radio Forecasts Downgraded As Ad Slowdown Squeezes Tighter

Zenith Media has launched a damning attack on ITV’s decision to press on with the investment in its digital terrestrial TV service, ITV Digital. According to the MediaGuardian website today, the media buying agency – one of ITV’s biggest customers – has said in a report that nothing short of ‘divine intervention’ will save the… Continue reading Zenith Report Scorns ITV’s Digital Plans

According to IDC‘s third annual Email Usage Forecast And Analysis report, published this month, the number of email mailboxes globally is set to increase from 505 million in 2000 to 1.2 billion in 2005. This suggests a compound annual growth rate of 138% which, according to IDC, is due to three factors: Web services, wireless… Continue reading Web Based Mail Will Boost Mailbox Total To 1.2 Billion By 2005

Havas Advertising has this morning announced that it will allow its offer for Tempus to lapse after the next deadline, Monday 24th September, has passed. Earlier this week the group extended the period for acceptance of its original offer but resisted the opportunity to make a higher bid. Now Havas says that it will let… Continue reading Havas Will Not Renew Tempus Offer