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Glasgow-based Scottish Media Group (SMG) has turned down a £100 million offer for Virgin Radio from private equity group, 3i, according to industry reports.The take-over bid started in December, but to no avail after SMG rejected the offer of Lord Alli, the media heavyweight spearheading 3i’s bid. Reports indicate that 3i has threatened to increase… Continue reading SMG Rejects 3i Offer For Virgin Radio

Glasgow-based Scottish Media Group (SMG) has turned down a £100 million offer for Virgin Radio from private equity group, 3i, according to industry reports. The take-over bid started in December, but to no avail after SMG rejected the offer of Lord Alli, the media heavyweight spearheading 3i’s bid. Reports indicate that 3i has threatened to… Continue reading SMG Rejects 3i Offer For Virgin

Commercial broadcaster, ITV, has announced the disposal of its prop hire business, Superhire Limited to Space Holdings Limited for a cash consideration of £8.2 million. The funds raised from the sale will be used to reduce ITV’s borrowings and represents a further stage in it’s disposal programme of non-core assets. ITV has now raised more… Continue reading ITV Sells Prop Hire Business

Multi-channel marketing is predicted to increase in importance over the coming years, with 83.4 million US consumers researching products online, then buying offline, according to US analysts eMarketer’s new ‘Consumer Selling Online’ report. The increasing empowerment of consumers via the internet has resulted in them having the ability to compare old products, find new ones,… Continue reading Advertisers Must Look To Multi-Channel Marketing

Worldwide mobile handset shipments are set to rise over the next four years, growing from 740 million by the end of 2005 to 810 million by 2009, according to market intelligence firm iSuppli. The company found that handset shipment growth peaked in Q4 2003, hitting 175.5 million. The first half of 2004 saw quarterly shipments… Continue reading Global Mobile Handsets To Reach 810 Million By 2009

TV advertising revenue is growing at the fastest rate since 2000, enjoying a 14.5% increase compared to the same period in 2004, according to data released by media agency Starcom. The UK branch of the media services agency predicts healthy growth for Q1 of 2005, citing a 14% increase year on year, despite poor economic… Continue reading TV Ad Revenue At 5 Year High

Internet publishers predict traditional advertisers, such as pharmaceutical, automotive, travel and entertainment industries, will increase their online advertising expenditure by 20% in 2005, according to research company Advertising.com’s second annual survey of online publishers. Advertising.com has forecast that traditional advertisers will increase their online adspend in 2005 by a massive 70%, concentrating their online dollars… Continue reading Traditional Advertisers Forecast To Increase Online Adspend

Channel 4 has this morning unveiled a restructuring of its commissioning structure, with new programming heads appointed to its digital channels, E4 and More4, and a new head of documentaries installed at flagship Channel 4.The management shake-up also paves the way for Channel 4 to boost the programming budget of E4 by a massive £20… Continue reading E4 Shake-Up Paves Way For £20 Million Budget Boost

Broadband customers using British Telecom to access the internet will see the speed of their connections increase dramatically this month, as the company plans to increase the amount of bandwidth available without increasing the cost to users.The internet giant announced the decision this morning, pledging to boost access speeds for its 1.4 million retail broadband… Continue reading BT Boosts Broadband Speeds At No Extra Cost

HIT Entertainment has formed a partnership with radio operator GWR to create a new digital radio service for the under-10s, providing entertainment for young listeners, as well as their parents and carers.HIT and GWR will each hold a 47.5% stake in the venture, called Children’s Radio UK Ltd (CRUK), while Susan Stranks, founder of London’s… Continue reading GWR Hopes For Hit With Children’s Digital Radio Offering