Aegis shareholders yesterday voted against the company’s remuneration report which would see chief executive, Douglas Flynn, getting a £2.35 million ‘payment for failure’, according to reports in The Independent. At yesterday’s annual general meeting, the National Association of Pension Funds (NAPF), led shareholders of the media buying agency, to vote against the severance payment, which… Continue reading Aegis Boss Pay Off Turned Down By Shareholders

Research group, Strategy Analytics, expects the number of European households with broadband internet to reach 41% by 2008, according to eMarketer. By the end of this year, broadband uptake in Europe is expected to reach 20% (33.5 million) of all households, with strong broadband markets such as Sweden, Switzerland and Belgium helping to spur growth… Continue reading Broadband To Reach 41% Of European Households By 2008

More than half (56%) of US internet users say they are likely to switch to a high-speed connection within the next six months, with there being an equal split between people choosing cable and DSL, says Ipsos-Insight. The study conducted by the global market research firm, also reveals that one in four US households with… Continue reading Battle For Broadband Customers Hotting Up

Profit for Highbury House Communications is significantly ahead of last year, reflecting the impact of acquisitions in 2003 and improved performance from its business magazine sector.At this morning’s AGM, Highbury House chairman, Ian Fletcher (pictured), told shareholders that Group revenue for the first four months of this year is up 38% on the same period… Continue reading Highbury House Reaps Benefits of 2003 Acquisitions

Channel 4 chairman Luke Johnson is hoping to announce the appointment of a new chief executive to replace the outgoing Mark Thompson by the end of July at the latest.Insiders at the publicly-owned broadcaster reportedly believe an appointment could be announced much earlier following news that a team of head-hunters is due to be appointed… Continue reading Johnson To Name New Channel 4 Chief By End Of July

TNX TV, the UK’s first train based television network, has signed C2C as the ninth regional rail operator to carry its service, in a move that extends its reach to an extra 25 million commuters per year.The network will provide entertainment and information programmes, including comedy and general interest features, designed to enhance passengers’ journeys.… Continue reading TNX Signs Train TV Deal With Ninth Rail Operator

GWR saw pre-tax profits double to £17.1 million for the year, as advertising revenues grew by 8.4% to £125.6 million outperforming the radio industry increase of 7.8%.National radio revenue, accounting for 51% of GWR’s total revenue, rose by 8.7%, while local radio revenue grew by 7.9%. This is largely thanks to GWR’s implementation of new… Continue reading GWR Outperforms Radio Industry As Profits Double

Future publishing has launched what it claims to be the world’s first paperless magazine in the form of BroadbandNow!, which is aimed at high-speed internet users and distributed electronically.The title, aimed at web-savvy consumers aged between 25 and 55, covers a wide array of entertainment and computing topics, from the latest film releases to sport,… Continue reading Future Launches World’s First Ever Paperless Magazine

Times Newspapers Limited has restructured its commercial division into two distinct trading and development sectors and has integrated its existing sales teams to work across all platforms.The move follows the promotion of Mathew Watkins to the role of advertisement sales director with responsibility for overseeing tighter integration of the company’s sales operations to work across… Continue reading Times Rejigs Commercial Division To Integrate Sales

GWR saw pre-tax profits double to £17.1 million for the year, as advertising revenues grew by 8.4% to £125.6 million outperforming the radio industry increase of 7.8%. National radio revenue, accounting for 51% of GWR’s total revenue, rose by 8.7%, while local radio revenue grew by 7.9%. This is largely thanks to GWR’s implementation of… Continue reading GWR Outperforms Industry As Profits Double