Private equity houses Blackstone Group, Apax Partners and Goldman Sachs are preparing another bid for ITV, with the offer including a cash alternative.According to reports in the Times, the consortium of investors may abandon the bid if the proposed “cash sweetener” fails to win over the broadcasters board.If successful, the trio plans to install former… Continue reading Investor Consortium To Offer “Cash Sweetener” For ITV

Chrysalis has revealed its expectations for the first fiscal half, claiming that it should meet targets thanks to an “encouraging” period of trading for its flagship station, Heart 106.2. In a statement to the City, Chrysalis described a “challenging” market for radio advertising, but remains confident that it has “comfortably outperformed the market.” The broadcaster… Continue reading Chrysalis On Line To Meet Targets

United Business Media (UBM) has expanded its events business in China with the joint acquisition of a majority stake in the Guangzho Beauty Fair. The deal is being made with UBM’s CMP Asia division and its venture partner for Asian beauty events, BolognaFiere Group. The two companies are planning to launch a new event, Cosmoprof… Continue reading UBM Expands Events Business In China

Daily Mail and General Trust (DMGT) has announced the sale of Aberdeen Journals Limited to Scottish publisher, D.C Thomson for £105 million. Following the deal, D.C Thomson, will pay £27 million into DMGT’s pension scheme, with the payment giving Aberdeen Journals an enterprise value of £132 million. Aberdeen Journals reported operating profit of £8.1 million… Continue reading DMGT Sells Aberdeen Journals

Advertising expenditure in the UK rose by 4.2% in 2005, reflecting increases in most major media, with the internet leading the way, enjoying year on year growth of 23%. According to new figures from Nielsen Media Research, Spanish-language and cable TV followed the internet in terms of adspend growth in 2005, rising by 17% and… Continue reading US Adspend Up By 4.2% In 2005

Outdoor advertising in the US rose by 9% year-on-year in 2005, with the latest figures from the Outdoor Advertising Association of America (OAAA) revealing revenue hit more than $6.3 billion, compared with $5.8 billion in 2004. Outdoor media performed well across most of the top 10 advertising categories, with large growth seen in communications, insurance… Continue reading US Outdoor Advertising Up By 9% In 2005

The increasing penetration of mobile phone technology into consumers’ lifestyles is altering the way people communicate, creating new trends and social fragmentation. According to a new study, commissioned by mobile network 3, 3G technology allows users to “express themselves creatively”. The report claims that a combination of video and picture capabilities on mobile phones can… Continue reading 3G Technology Alters Users Lifestyles

Britain’s newest daily newspaper, The Sportsman, has claimed full price sales for its debut on Wednesday of over 65,000.The paper’s exact figures will not be known until sales in Ireland are included, but the title claims to have “smashed through” its target figure of 50,000 on the first day of publication.Exact figures are expected by… Continue reading The Sportsman Sees Successful Debut Sales

Five has moved to quash press speculation over its first foray into multi-channel broadcasting this afternoon, denying reports that it is to launch a dedicated woman’s channel to build on the success of shows such as Trisha Goddard and House Doctor.Slating the speculation, a spokesman for the broadcaster explained that while Five would be launching… Continue reading Five Denies Women’s Channel Launch

Radio firm GCap Media has withdrawn from its plans to sell nine analogue stations in the South West and North Wales, claiming that the approaches it has received do not meet the best interests of investors.The proposed sales, made as part of the broadcaster’s strategy review in November 2005, were designed to leave the broadcaster… Continue reading GCap Makes U-Turn On Radio Station Sales