UK public relations and advertising firm Chime Communications has this morning announced the acquisition of LNS Communications in the US for £11 million. Chime will pay £6.9 million initial cash and a further sum of up to £4.1 million depending on LNS’ profits for the years ended 31 December 2001 and 2002. Chime’s businesses include… Continue reading Chime Communications Acquires LNS For £11m

Confirmation that the BBC has signed a deal with Lennox Lewis to show his next bout in April is expected soon. This morning reports suggested that the arrangement with the world heavyweight boxing champion had been finalised, but the Corporation has since insisted that signatures were yet to be inked. Lewis is due to meet… Continue reading BBC Sport May Scoop Lewis Fight From Sky

Stock in Granada Media rallied this morning following an upgrade from US broker Morgan Stanley Dean Witter. Granada Media will complete its demerger from the Granada Compass hospitality business this Friday. As a result its free float will increase from 20% to 100% and its FTSE weighting will increase from 0.08% to 0.39% following the… Continue reading Granada Rises On Positive Ratings

Radio group GWR is holding a seminar today for fund managers and analysts as part of its ongoing investor relations programme. The company will report radio revenues up 12% on a like for like basis for Q4 2000 – in line with expectations. GWR expects strong revenue growth this year following continued audience increases for… Continue reading GWR Q4 Revenues Up 12%

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29 January 2001 The company behind the idea of the free morning newspaper, Sweden’s Metro International, has today announced the launch of a new newswire and information service called Metro World News. Versions of Metro International’s free Metro newspaper are now published in 18 cities around the world and the business model has been adopted… Continue reading Metro International Seeks Savings In Global Publishing

26 January 2001 French magazine group Marie Claire is understood to be planning the launch of a French version of Hearst’s US fashion magazine Harper’s Bazaar. According to a report in French newspaper La Tribune, Marie Claire may reach an agreement with Hearst to produce the magazine in France. The two companies already have a… Continue reading Marie Claire May Launch French Harper’s Bazaar

26 January 2001 WPP has today announced the launch of Red Cell (www.redcellnetwork.com), a global communications network focusing on the needs of ‘challenger brands’. Chief executive, Sir Martin Sorrell, describes these challenger brands as ‘lean, ambitious, agile, digitally wired businesses that demand world-wide marketing and communication capabilities’. “Red Cell is the first global communications network… Continue reading WPP Launches Global Network For ‘Challenger Brands’

25 January 2001 Luxembourg-based media group RTL has won permission from the Conseil Superieur de l’Audiovisuel (CSA) to take a 20% stake in French radio group Sud Radio. The holding will be acquired from Sud Communications for €5.48 million (£3.46 million) and the transaction should be completed by the end of the month. RTL Group… Continue reading RTL Takes 20% Stake In France’s Sud Radio

Capital Radio stock tumbled 90p by 1:00pm this afternoon after what investors regarding as a disappointing set of figures emerging from the company’s AGM. The company reported a 12% increase in revenues during the last quarter of 2000 following the successful acquisition of Beat 106 and Century Radio. In today’s meeting Capital said like for… Continue reading Capital Stock Falls Following AGM Statement