More Industry News articles

Radio giant Chrysalis has this morning unveiled its expectations for the first fiscal half, stating 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… Continue reading Chrysalis Sees Forecasts On Target For First Half

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

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

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

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 in the… Continue reading DMGT Sells Aberdeen Journals

GCap Media’s newest indie music station, Xfm Manchester, has signed its first sponsorship deal, with clothing giant Topman signing for the debut promotion.Backing the launch of its new flagship store at Manchester Arndale, Topman will become a partner with Xfm for coverage of its Access All April activity, comprising a month of gigs at intimate… Continue reading Xfm Manchester Secures Debut Sponsorship Deal

Satellite giant Sky has unveiled the pricing structure for its forthcoming high definition service, with customers facing a charge of nearly £300 for the appropriate set top box, as well as an extra monthly fee to receive the broadcaster’s high quality channels.The SkyHD service is now available for pre-order from the broadcaster, with those expressing… Continue reading Sky Unveils HD Pricing For Full Roll Out In May

GCap Media has announced that revenues for the first quarter of the year will be down by 17% year on year, citing the “short term” impact of its recent decision to reduce the number of adverts on Capital Radio, as well as a weak advertising market in general.Issuing a trading update for the twelve months… Continue reading GCap Remains Optimistic Despite Slip In Revenues