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GWR’s Local Radio Group has today announced it will purchase the remaining 67% stake of Two Boroughs Radio Limited from Johnston Press, to become sole-owner of the Burnley based operation.The total purchase price, which includes the previously acquired 33% share of Two Boroughs Radio, is reported to be just over £2.2 million.In June, the Local… Continue reading Local Radio Group Snaps Up Remainder Of Two Boroughs

Worldwide free newspaper, Metro International, has remained the world’s most-read newspaper as sales increased by 50% in the first half of 2004 to reach 14.5 million readers a day.The jump in sales spurred profits at Metro to reach $145 million from January to June 2004, with the group reporting its second quarterly net profit since… Continue reading Metro International Remains World’s Most Read Newspaper

Global holdings group, Interpublic, has saw revenues jump 3% during the second quarter of 2004, with organic revenue moving out of the red for the first time since 2001. As organic revenue, which has been adjusted for acquisitions and dispositions, scraped in to the positive with a 0.3% increase, operating profits rose 3.8%, a slight… Continue reading Slow Improvements Continue At Interpublic

GWR’s, Local Radio Group, has today announced it will purchase the remaining 67% stake of Two Boroughs Radio Limited from Johnston Press, to become sole-owner of the Burnley based station. The total purchase price, which includes the previously acquired 33% share of Two Boroughs Radio, is reported to be just over £2.2 million. In June,… Continue reading Local Radio Group Snaps Up Remaining Stake Of Two Boroughs

Cable operator NTL yesterday announced that customer expansion and revenue growth has helped narrow year-on-year profit loss for the second quarter of 2004. Revenues from April to June 2004 jumped £28.3 million on the same quarter last year to £397.8 million, driving profit loss down to £7 million from £51 million in 2003. The New-York… Continue reading NTL Losses Down As Customer Base And Revenues Grow

Rival television audience measurement companies, AGB Group and Nielsen Media Research, have joined forces to form a global joint venture that could dominate the market. The new company, which will operate under the brand name AGB Nielsen Media Research, will be half owned by Sir Martin Sorrell’s WPP and half owned by Nielsen Media Research,… Continue reading AGB And Nielsen Join To Form Global Ratings System

Worldwide free newspaper, Metro International, has remained the world’s most-read newspaper as sales increased by 50% in the first half of 2004 to reach 14.5 million readers a day. The jump in sales spurred profits at Metro to reach $145 million from January to June 2004, with the group reporting its second quarterly net profit… Continue reading Metro International Remains World’s Most Read Newspaper

BSkyB led a downturn in the media market yesterday, losing a massive 18.94% from its share price to close at 488p, a loss of 114p in real terms, following news hat the satellite broadcaster had failed to meet its subscriber figures.The company revealed that profits for the year ending 30 June 2004 climbed by a… Continue reading Sharewatch: BSkyB Plummets Following Subscriber Slowdown

Consumer spending in the United States fell by 0.7% in June – the largest drop since September 2001, according to figures published by the Commerce Department.As reported in the Financial Times, US government statisticians have estimated that the economy grew slower than expected, up only 3% during the second quarter, owing to a 1% growth… Continue reading US Spending In June Matches Decline Of 2001

Cable operator NTL yesterday announced that customer expansion and revenue growth has helped narrow year-on-year profit loss for the second quarter of 2004.Revenues from April to June 2004 jumped £28.3 million on the same quarter last year to £397.8 million, driving profit loss down to £7 million from £51 million in 2003.The New-York listed group… Continue reading NTL Losses Down As Customer Base And Revenues Grow