Chrysalis is to sell its radio division to Global Radio, an investment vehicle chaired by the former head of ITV Charles Allen. The sale, which includes the Heart, Galaxy and LBC brands, will be for £170 million, with Chrysalis saying that it will make a £95 million profit on the deal. The deal leaves Chrysalis… Continue reading Charles Allen Heads Chrysalis Radio Buyout

Aegis has acquired the ad-serving business bluestreak.com for $12.5 million. The agreement will see Aegis acquire Bluestreak’s proprietary ad-serving technology, a hosted online advertising suite, which helps advertisers execute campaigns across all internet media, through campaign management, execution, optimisation and analysis. Established in 1999, Bluestreak has an active presence in the key markets of the… Continue reading Aegis Acquires Ad-Serving Company

Pearson is coming under pressure from shareholders to sell the Financial Times rather than go head-to-head with Rupert Murdoch’s News Corporation once it has bought The Wall Street Journal. The news comes after Pearson decided to scrap its own plans to bid for The Wall Street Journal as part of an alliance including General Electric,… Continue reading Pearson Under Pressure To Sell FT

Chrysalis is to sell its radio operations to Global Radio, an investment vehicle chaired by former ITV CEO Charles Allen, for £170 million.Chrysalis says that it expects to make a £95 million profit on the deal. The disposal of its radio operations will leave Chrysalis with just its music division, following the disposal of its… Continue reading Chrysalis Radio To Sell For £170 Million

blinkx, the online video search company, is launching a contextual video advertising platform called AdHoc.AdHoc uses the search firm’s speech-to-text transcription and visual analysis technology to understand video content and dynamically place the most pertinent advertising in it.blinkx says that the AdHoc platform offers media companies and advertisers the most flexible solution for customising the… Continue reading blinkx Launches Contextual Video Advertising Platform

TVTimes is publishing a Princess Diana commemorative issue, which will have four different covers to collect, each depicting a key aspect of the Princess’ life.The four covers show Diana the mother, the icon, the charity worker and the Princess. Inside the issue, there is a six-page Diana feature that includes a host of memories that… Continue reading TVTimes To Publish Diana Commemorative Issue

IPC Southbank’s new online homes portal, www.housetohome.co.uk, has made five key appointments to its team, including the recruitment of an editor, David Gadd.Gadd is currently a senior manager at AOL UK, where he is responsible for the editorial planning of AOL’s homepage.He joined AOL in 2001 as editor of news, later becoming senior editor. He… Continue reading IPC Southbank Homes Portal Boosts Its Team

Louis Walsh is to make a “sensational” return to The X-Factor after Brian Friedman, one of the Grease Is The Word judges who was going to replace Walsh on the panel, has had a change of heart.Friedman will now become creative director on the show, and Walsh declared himself delighted to be reinstated. “In spite… Continue reading Louis Walsh Returns To The X-Factor

The Digital Radio Development Bureau (DRDB) has launched a radio advertising campaign to promote digital radio, following the news that more than five million DAB sets have been sold in the UK.With the strapline “Five million do it, do you?” the advert will echo the BBC’s effort, which asks, “Do you do digital?”Up to 100… Continue reading DRDB Launches Radio Ad Campaign

The UK is about to see rapid growth in mobile broadband services according to the latest research from YouGov and Point Topic. According to the research, 90% of people who have broadband access at home already own a mobile phone and half of them use a laptop. Many of them already use the internet in… Continue reading UK Mobile Broadband Services To See Rapid Growth