The Financial Times will switch its format to a tabloid edition for one day only later this month, producing a compact-only budget special.The one-off title will hit newsstands on March 16th, just hours after Chancellor of the Exchequer Gordon Brown delivers his pre-election budget to the House of Commons.According to The Guardian the reduced-format title… Continue reading FT To Drop Broadsheet For Budget One-Off

The Telegraph Group has continued its redundancy drive, with 15 journalists reportedly forced from their jobs yesterday, with a further 75 having already opted to take the company’s voluntary redundancy package.According to the Guardian the company held interviews with those journalists to be made redundant after they were chosen through a system assessing their performance… Continue reading Telegraph Sheds More Staff In Redundancy Drive

Havas media group has reported a strong performance in 2004, with organic growth increasing by 2% for the full year, fuelled by the company’s strong performance in quarter four of 2004. The board of directors met yesterday to approve the 2004 financial statement, confirming predictions that its operating margin would be higher in the second… Continue reading Havas Confirms Strong 2004 Results

UK cinema admissions for January 2005 were down by 12.4% year on year standing at 13.4 million, an average of 3 million admissions a week, according to research released by the Cinema Advertising Association (CAA). The CAA explains that the loss in admission figures is due to the extraordinary success of Lord of the Rings:… Continue reading UK January Cinema Admissions Fall

US broadband adoption is trailing behind some countries in terms of penetration with France, urban Brazil and the UK growing by 59%, 50% and 45% respectively between the end of 2003 and 2004, according to recent research from US analysts eMarketer. The percentage of broadband users, as a percentage of all internet users, is estimated… Continue reading US Broadband Adoption Falls Behind UK

Ipsos-RSL has announced that the National Readership Survey results for the period ending December 2004 will be delayed following the incorporation of the London self-completion questionnaire data in the NRS database as “extensive” revisions to the company’s data processing procedures are needed to accommodate the new figures.In an e-mail sent to NRS subscribers the company… Continue reading NRS Data Delayed As Processing Procedures Revised

CN Radio has promoted Peter Fletcher to the position of managing director at Lakeland Radio, the company’s recently acquired radio station serving the South Lakeland area.The move puts Fletcher in charge of the operation, which was acquired by CN radio last month as the company purchased the remaining 60% of its shares for an undisclosed… Continue reading CN Radio Reshuffles Management At Lakeland

The nation’s broadcasters have welcomed Culture Secretary Tessa Jowell’s proposals for the BBC, outlined yesterday to include the creation of a new BBC Trust to replace the current board of governors, while the licence fee continues to provide funding for another ten years (see Governors Axed As BBC Charter Renewed For 10 Years).A spokesman for… Continue reading Broadcasters Welcome BBC Green Paper Proposals

Newspaper publisher, Trinity Mirror, has announced a 25% increase in its annual profits, despite the continued circulation decline of its flagship publication, the Daily Mirror.In a statement made this morning to the London Stock Exchange, Trinity revealed a 6.6% rise in revenue for 2004, taking the group’s total to £1.1 billion. The company reported that… Continue reading Trinity Reports Profit Increase As Cost Cuts Continue

Grey Global Group shareholders have approved the sale of the company to Sir Martin Sorrell’s WPP Group, clearing the way for the deal to close on March 7 this year. Grey shareholders are reported to receive $1.7 billion in cash and WPP stock out of the $1.5 billion purchase of the New York based media… Continue reading Date Set For Grey And WPP Deal