DMG Radio Australia has acquired the new Brisbane FM radio licence in a joint venture with the Australian Radio Network. Brisbane FM Radio Pty Ltd is a joint venture between DMG Radio Australia and the Australian Radio Network. DMG is 25% owned by GWR Group plc and 75% owned by Daily Mail and General Trust… Continue reading DMG Radio Australia Wins New Licence

Independent News & Media (INM), owner of the UK’s Independent newspaper, today said that the UK market is performing well despite tough local market conditions. Speaking at the company’s annual meeting today, executive chairman Sir Anthony O’Reilly said that cost control continues to be a major focus in all of the group’s operations. O’Reilly said… Continue reading Independent To Maintain Cost Control

IPC has surpassed the Advertising Association’s revised forecast of 2.1% growth in consumer magazine advertising revenue by revealing year on year growth of 6.9% for the last two quarters. In what chief executive Sly Bailey described as a “Solid set of interim results”, net profit before tax for the half year to March 2001 was… Continue reading IPC Surpasses Ad Revenue Expectations With 6.9% Growth

French marketing and communications group Publicis is buying two New York PR agencies – Fabianne Gershon Associates and Hudson Stone Group – for an undisclosed sum. Fabianne Gershon handles corporate PR, whilst Hudson Stone offers an investor relations service. Analysts say that the acquisitions will help boost Publicis’ exposure to marketing services, where it is… Continue reading Publicis Buys New York PR Firms

European cable group UPC has received a â‚Ź1.0 billion cash injection from US media group Liberty Media. Nevertheless, the group has still admitted to a further â‚Ź1.0 billion shortfall in necessary funding. UPC’s parent company, UnitedGlobalCom, is currently in the latter stages of merging with Liberty Media. The deal is two to three months from… Continue reading UPC Gets £1.0bn Cash Injection, But Needs More

One of the key political battlegrounds in the approach to the 7 June general election has been the extent to which the UK should be in (and indeed out of) Europe. Whilst a number of committed EU nations are saying goodbye to their old coins and notes and beginning to embrace the Euro, the UK… Continue reading Insight Analysis: Top UK Readers Lead Euro Media Survey

Kevin Hand, chief executive of EMAP, has resigned with immediate effect, the media group announced this morning. Although the statement from EMAP did not state the reasons for Hand’s departure, it is likely that his position became untenable after the failure to consolidate the US business Petersen which he headed (see EMAP Reported To Be… Continue reading EMAP Chief Resigns As Results Come In Line With Expectations

According to new figures, many of the top UK radio stations (in revenue terms) have seen a decline in the amount spent on radio advertising year on year. Despite its audience being restricted to London, Capital 95.8fm continues to attract a larger share of advertising revenue than any other local or national station. However, figures… Continue reading Top Radio Stations See Year On Year Slide In Ad Revenue

Virgin Radio’s new media division, Ginger Online, has been renamed Virgin Radio New Media and has gained a new managing editor in the form of James Cridland. The name change has been made to align the division more closely with what the station sees as its core activities. Cridland’s responsibilities will include the expansion of… Continue reading Virgin Radio To Boost Online Division

Radio First this morning said that it has had an ‘extremely successful’ six months in which it signed carriage deals with BSkyB and secured £3.5 million of funding for the development of its stations. The company recently struck a five-year deal with BSkyB to broadcast its network of football club-related digital radio stations regionally, via… Continue reading Radio First On Target For Football Station Launches