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The Institute of Practitioners in Advertising has expressed concern at the Office of Fair Trading’s decision to provisionally recommend the relaxation of ITV’s contracts rights renewal.The IPA has said it is “disappointed” with the recommendations made by the OFT in it’s provisional report (see OFT recommends relaxation of CRR), which is due to be presented… Continue reading IPA hits back at OFT’s CRR recommendation

Advertisers need to get to grips with social networking and the changing marketplace, according to the IPA’s second future of advertising report.The IPA has teamed up with the Future Foundation, a global strategic consultancy and think tank, to produce ‘Social Media Futures – The Future of advertising and agencies in a networked society: A 10… Continue reading IPA: Social Networking Revolution

Channel 4 chief executive Andy Duncan has ruled out a merger with Five as a cure for the funding problems it faces.Duncan, speaking today at an event organised by the National Endowment for Science, Technology and the Arts, said that a merger would be like mixing “oil with water”.He said: “We have been carefully considering… Continue reading Andy Duncan rules out merger with Five

Media regulator Ofcom has fined ITV £220,000 for failing to meet its regional programme production quota for ITV1 in 2006 and 2007.Ofcom ordered ITV to pay a fine of £20,000 against each of its 11 regional licences in England and Wales after it failed to hit its minimum level of expenditure.ITV1 managed to comply with… Continue reading Ofcom fines ITV £220,000

Advertisers need to get to grips with social networking and the changing marketplace, according to the IPA’s second future of advertising report. The IPA has teamed up with the Future Foundation, a global strategic consultancy and think tank, to produce ‘Social Media Futures – The Future of advertising and agencies in a networked society: A… Continue reading IPA: Social Networking Revolution

Global advertising markets recorded 2.9% growth in the quarter from July to September 2008, in newspapers, magazines, TV and radio, according to Nielsen’s global advertising trends report, Global AdView Pulse. In the three months to September 2008, the global advertising market posted a 2.9% increase versus the same quarter in 2007, mostly driven by the… Continue reading Global ad markets saw 2.9% growth in Q3 2008

The Economist Group is set to make a number of job cuts in the UK, despite a restructure of its commercial activities that will create a new sales unit.Around 13 redundancies will be made from the businesses’ conferences, Economist Intelligence Unit and commercial services, as the group looks to provide a more integrated sales solutions… Continue reading Economist Group set to make job cuts

Former KGB agent Alexander Lebedev is set to buy London’s Evening Standard today, in a deal that will see him become the first Russian oligarch to own a major British newspaper.Lebedev is reportedly poised to take a controlling 76% stake of the struggling title, while the Evening Standard‘s parent group Daily Mail & General Trust… Continue reading Former KGB agent to buy Evening Standard

The Office of Fair Trading (OFT) today published its consultation document, recommending that the Competition Commission relax ITV’s Contract Rights Renewal (CRR).ITV’s CRR, the mechanism that protects advertisers from ITV1 abusing its dominant position in the UK TV ad market, was introduced in 2003 during the merger of Carlton and Granada.The OFT said it has… Continue reading OFT recommends relaxation of CRR

Alexander Lebedev, a former KGB agent, is set to buy London’s Evening Standard in a deal that will see him become the first Russian oligarch to own a major British newspaper. Lebedev is reportedly poised to take a controlling 76% stake of the struggling title, while the Evening Standard‘s parent group Daily Mail & General… Continue reading Ex-KGB spy poised to buy Evening Standard