SMG is believed to be delaying the floatation of Virgin Radio following the departure of chief executive Paul Jackson to GCap Media. Richard Huntingford, Virgin’s new chairman, said that an initial public offer could not go ahead without a chief executive. SMG hopes to raise around £85 million from the initial public offering, to reduce… Continue reading SMG Could Delay Virgin Radio Floatation
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BT Retail says that it has became the UK’s first broadband supplier to pass the four million customer mark.The acceleration to four million has taken just over five years meaning a new customer has been added on average every 40 seconds since June 2002.This also equates to more than 2,000 new customers each day during… Continue reading BT Retail Passes Four Million Broadband Customers Mark
A new report estimates that 84% of the US population, including consumer, business and double users, will have mobile phones by the end of 2007, with this percentage surging past 100% by 2013. The study from SNL Kagan shows that US cell phone subscriptions will grow at a rate of about 3% per year over… Continue reading 84% Of US Population To Have Mobile Phones By End Of 2007
The enthralling Robbie Coltrane: B-Road Britain was winner in the 9pm slot last night, as the amiable Scot carried on his 400-mile road trip from London to Glasgow in a bid to rediscover Britain’s forgotten backwaters.The show had a peak audience of 4.8 million adult viewers ( a 23.9% share of the audience) and an… Continue reading B-Road Britain Bags The Viewers
Paul Jackson, chief executive of Virgin Radio, is to join GCap Media as managing director of Capital 95.8.As managing director of Capital 95.8, he will have responsibility for leading the growth strategy for the station overseeing programming, marketing, new media and commercial opportunities. He will report to GCap’s London MD, Fru Hazlitt.Hazlitt said: “The MD… Continue reading Jackson Leaves Virgin For Capital
SMG is selling Primesight, its outdoor advertising division, for up to £62 million to a private equity firm. In a statement released today, SMG said that the GMT Communications Partners deal represents a clear uplift on previous offers. Rob Woodward, chief executive of SMG, said: “This is a good price for the business and clearly… Continue reading SMG Confirms Primesight Sale
The relaunch of the Sun website next month will see the title attempt to move into the local advertising market.The move comes as part of a wide-ranging customisable service on its website, said a report on MediaGuardian.co.uk.The report says that the MyStreet feature will see News International, the Sun’s parent company, compete directly against Trinity… Continue reading Sun Website To Move Into Local Advertising
The Sun is to cut its price from 35p to 20p in London and the south-east from Monday, in a move aimed at keeping the title’s sales above three million copies a day.However, circulation revenue is likely to be badly affected, with London and the south-east accounting for about 20% of the Sun‘s sales, said… Continue reading The Sun Gets South-East Price Cut
News Corporation and NBC Universal will launch the beta version of their video website Hulu in October, although no date has been given for a formal release.Hulu, which was originally announced in March under the name Newsite, will feature programmes from the two companies’ back catalogues including Heroes, 24 and The Simpsons, as well as… Continue reading News Corp Reveals Video Website Name
Last night saw the new BBC Two reality show The Restaurant – featuring nine couples finding out if they have what it takes to run their own restaurant – soundly beaten by Channel 4’s own serving of reality, Supernanny.Starring top chef Raymond Blanc, the BBC Two chef-fest seemed like a cross between The Apprentice and… Continue reading Supernanny Triumphs Over The Restaurant
