Newcastle-based independent radio group, Forever Broadcasting, has bought Grand Central Broadcasting (GCB), holder of Chesterfield’s Peak 107FM, for £4.8 million, the company announced this morning. In the year to 30 September 2000, the latest period for which it has audited financial statements, GCB recorded a turnover of £741,904, a loss on ordinary activities after taxation… Continue reading Forever Broadcasting Buys Chesterfield’s Peak 107FM

Hundreds of jobs are about to be axed at troubled digital terrestrial broadcaster, ONdigital, according to a report in this Sunday’s Observer. Citing unnamed sources, the article claims that ONdigital’s owners, Carlton Communications and Granada, are to cut the staff numbers later this month in a determined effort to cut costs. The news comes as… Continue reading Job Losses Expected As ITV Restructures

UK radio broadcaster UBC Media Group has this morning turned in a set of financial results ahead of the market’s expectations. Turnover rose by 46% to £6.2 million and gross profit reached £1.7 million, up 35% on last time. During the year UBC launched and co-founded Oneword, the only national commercial digital station dedicated to… Continue reading UBC Turns In Good Figures As Digital Ventures Develop

As reported last week (see Forecasts) the latest figures from Zenith Media spell further doom for ITV. Zenith have reduced their forecasts for growth in television revenue from 3.6% for the year to -0.8%. Net Advertising Expenditure Prices In Current Prices (£m)   1996  1997  1998  1999  2000  2001f  2002f  2003f  2004f  2005f  2006f  TV… Continue reading UK Advertising Revenue Forecasts From Zenith Media

The ‘mega-deal’ era may be over according to PricewaterhouseCoopers’ mid-year M&A forecasts. The current lull in activity has been brought about by declines in stock market valuations and caution amongst corporate buyers brought about by economic uncertainty. Bob Filek, a partner in the Transaction Services group which compiled the report, said, “Those waiting for a… Continue reading Global M&A Market May Not Recover Until Q4 2002, Says PricewaterhouseCoopers

In a survey of senior representatives of more than 3,400 companies in 15 Western and Central European countries, PricewaterhouseCoopers have analysed the perceptions, incidences and impact of economic crime on business. The European Economic Crime Survey 2001 found that 42.5% of major European organisations have suffered serious economic crime over the last two years, costing… Continue reading Almost Half Of All Major European Organisations Suffer Serious Economic Crime, Says PWC

Despite the current gloom surrounding the technology markets, Strategy Analytics claim that growth in the emerging industries of broadband and wireless content will be worth up to $589 billion by 2005 thanks to an average annual compound growth rate of 26%. Worldwide Revenue Forecasts, Emerging Service And Device Markets ($ billion) 2000 2001 2002 2003… Continue reading Wireless And Broadband Revenues Will Reach $589 Billion By 2005, Says Strategy Analytics

New research from Strategy Analytics suggests that ‘mega-mergers’ within the global wireless services market will become scarce in the future as the industry puts value before volume due to the unfavourable economic outlook. Phil Kendall, director of Strategy Analytics’ Global Wireless Practice, commented: “Operators need to export successful strategies to sustain profit growth but there… Continue reading Future Of Global Wireless Industry Hinges On Value, Not Mergers

Zenith Media has today released their quarterly advertising revenue estimates. The new figures forecast 5% growth for radio this year against a decline in total ad spend for the UK of 0.8% (see Forecasts).   Commercial Radio Revenue (£m) Yr-on-Yr Growth All Ad Revenue (£m) Yr-on-Yr Growth Radio Share 1999 395   9,529   4.1%… Continue reading Revised Radio Revenue Forecasts From Zenith Media

colspan=”6″>Quarterly Data