Chancellor of the Exchequer, Gordon Brown, stood up at 12.30pm to reveal his tax and spending plans for the next year, in what is likely to be his last budget presentation. Key points of Iron Gordon’s eleventh budget are as follows…Inflation will fall to 2% this year. In 2008 and 2009 inflation will also be… Continue reading Budget 2007 Coverage – The Chancellor’s Speech Live

A large part of US video game usage is taking place when people would traditionally be watching television, according to a new report from Nielsen.The State of the Console report shows that penetration of video game consoles in the US grew nearly 19% during the fourth quarter of 2006, with consoles now in more than… Continue reading US Console Usage Mirrors TV Peak Times

The Broadcast Committee of Advertising Practice has proposed new regulations that could signal the end of noisy television advertising.BCAP is set to launch a consultation with broadcasters, advertisers and the public to examine whether to introduce a standard means of monitoring the sound levels of ads.Broadcasters are not allowed to raise the volume of broadcasts… Continue reading Noisy Ads Could Be A Distant Whisper

Former Radio 1 presenter Lynn Parsons has signed for Smooth Radio’s London station, along with Mike Allen of LBC.Parson’s will present the four-hour evening slot between 8pm and midnight, Friday to Sunday, whilst Allen will be on air at the same time on Monday to Thursday.Parson’s has previously worked at Radio 1, Capital Radio, Virgin… Continue reading Smooth Radio Gets Two More DJs

Chrysalis has released interim results for the six months to 28 February 2007, stating that Chrysalis Radio is expected to show a decline in revenues. In a trading update released today, Chrysalis said that owing to the challenging UK radio advertising market, its radio division is expected to show a decline of around 9% for… Continue reading Chrysalis Radio Expects Decline In Revenues

Independent News & Media (INM) recorded revenues of €1.6 million, up 1.5% on 2005, with this reflecting underlying revenue growth in excess of 5% for both advertising and circulation within the publishing division. However, the company saw its profits after tax fall by 13.4% to €198.4 million. INM said that revenue gained from the €62.7… Continue reading Independent News & Media Records Revenue Increase

The European Interactive Advertising Association (EIAA) has published new research showing that 37% of European wireless users regularly visit social networking sites, a third create and share their own content and 33% of wireless users contribute reviews and ratings to websites. The EIAA Mediascope Europe Study, conducted by Synovate, explores the trends and usage patterns… Continue reading Habits Of Wireless Internet Users Revealed

CBS Outdoor has poached Anthony Waithe as head of research from rival Titan Outdoor. Waithe will report to Steve Cox, CBS Outdoor’s strategic planning director, and will lead a four-strong research team to deliver detailed audience research to support the sales division.Waithe will also be tasked with delivering research insights that highlight the role of… Continue reading Titan Head Of Research Jumps Ship To CBS Outdoor

Up to a fifth of Emap Consumer Media’s editorial staff are said to have been made redundant in the run up to the group’s trading results release next week, according to reports in the trade press.The job losses are a surprise addition to the 30 publishing roles that were scrapped last month, and continue a… Continue reading Huge Job Cuts At Emap Ahead Of Group Results

Media and entertainment industry veteran, Richard Eyre, has been appointed as a non-executive director at MGt, the leading support services provider to the digital broadcast and new media sector.Companies such as BSkyB, Discovery Networks, Sony Entertainment, Setanta Sports, Top Up TV and Virgin Media rely on MGt, and its customer management services and technology, to… Continue reading Richard Eyre Joins MGt As Non-Exec Director