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Today marks the last day for applications to Ofcom by broadcasters chasing the new FM radio licence in Edinburgh, a highly coveted prize that has attracted attention from the UK’s largest commercial radio groups and investors.Among the well known companies vying for the Edinburgh contract are Kelvin MacKenzie’s Wireless Group, the Guardian Media Group Radio,… Continue reading Radio Heavyweights Line Up For Edinburgh Licence

ITV has been given the all clear to go ahead with its proposed £31 million acquisition of the majority stake in GMTV, despite wide-spread concern from the advertising industry.The Institute of Practitioners in Advertising had been calling for the Office of Fair Trading to refer the acquisition of Scottish Media Group’s 25% stake in the… Continue reading ITV Gets Go Ahead For £31 Million GMTV Acquisition

Radio group Chrysalis has said its 2005 financial year has had an ‘encouraging start’, as first quarter revenues are expected to reach high single digits.Chrysalis, owner of London’s Heart 106.2 station, said in a trading update that revenues for the 12 months to 31 August 2004 have met expectations, growing 20% year-on-year to £67 million.Although… Continue reading Chrysalis Sees An Encouraging Start To Financial Year

Mediacom has come out on top as the UK’s number one media agency in terms of billings, according to new figures from Nielsen Media Research. From August 2003 to July 2004, Mediacom has grown total expenditure by 5.5% to £640 million, holding its lead over rivals ZenithOptimedia. Although holding on to the number two spot,… Continue reading Mediacom Comes Out On Top Of UK Media Agencies

Almost half of all 18 to 34 year-olds living and working in major European cities now read a daily free-sheet newspaper every week, according to new research commissioned by Swedish-based publisher, Metro International.The wide-ranging study into the reading habits of young people living in some of the world’s biggest cities shows that more than a… Continue reading Free-Sheets Read By Half Of All Young Metropolitans

Almost half of all 18 to 34 year-olds living and working in major European cities now read a daily free-sheet newspaper every week, according to new research commissioned by Swedish-based publisher, Metro International. The wide-ranging study into the reading habits of young people living in some of the world’s biggest cities shows that more than… Continue reading Free-Sheets Read By Half Of All Young Metropolitans

The UK’s largest commercial broadcaster ITV saw shares dip by 0.45% yesterday to close at 109žp despite the company’s sale of its 5.5% stake in French multimedia group, Thomson SA.The sell off sees ITV’s share of Thompson go to Citigroup Global Markets and UBS Limited as part of its £600 million programme to dispose of… Continue reading Sharewatch: ITV Dips Following Core Asset Sell Off

Commercial broadcaster, ITV, has this morning agreed to sell its 5.5% stake in French multimedia group, Thomson SA, to Citigroup Global Markets and UBS Limited, as part of its £600 million programme to sell-off non-core assets.The 15.5 million shares held in Thomson, which were believed to be the jewel in ITV’s crown, originated from Carlton’s… Continue reading ITV’s Sell-Off Continues With Stake In Thomson

WPP Group is continuing its expansion strategy, with J Walter Thompson purchasing a 30% stake in Chinese advertising and marketing group, Newsun Insight. Newsun, which generates revenue of $1.95 million last year, was founded in 2002 and currently employs 115 people. Clients of the Guangzhou based group include TCL computers, Li Bai detergent and Star… Continue reading WPP Buys 30% Stake In Chinese Ad Group Newsun

Advertisers targeting older consumers are set for a treat in November, as publisher Response 2 Limited launches a new title called Modern & Mature to one million British homes with a guaranteed occupancy of over 50s.The monthly lifestyle magazine will provide an engaging array of content for older readers, supplied by The Press Association, including… Continue reading New Magazine Targets Modern & Mature Readers