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Fourteen years of gradual consolidation of the ITV Network will come to fruition on Monday 2 February, as the merger of Carlton Communications and Granada creates ITV plc. The single ITV company was listed on the Stock Exchange this morning with a share price of XXXX. Shares in Carlton and Granada were delisted at the… Continue reading Merger of Carlton Communications and Granada creates ITV plc

Hollinger International, the holding company of Hollinger Inc, has rejected an approach by the Barclay Brothers, which would have valued the company at $1.4 billion.It is believed to have rejected the deal because the 20% premium it offered was not high enough.The brothers have already agreed a $400 million deal with Conrad Black to acquire… Continue reading Hollinger International Rejects Barclays’ Bid

Greg Dyke, director general of the BBC, today quit his position as the Corporation descended into chaos following the publication of the Hutton Report.Mark Byford, his deputy, has been appointed as acting director-general.The departure of Dyke follows the resignation of chairman Gavyn Davies yesterday, after Lord Hutton’s report found the BBC defective in its operations… Continue reading Greg Dyke Steps Down As BBC Director General

Independent News & Media (INM) is to sell its 50% stake in its Irish cable operation, Princes Holdings, to Liberty Media International for an undisclosed sum. INM had already confirmed that it did not intend to hold its investment in Princes Holdings – which trades under the brand name Chorus – for the long-term, as… Continue reading INM Sells Irish Cable Group Stake To Liberty Media

ITV is investing in its interactive television capabilities by appointing Eckoh Technologies to provide interactive telephony services for the channel. Eckoh is one of Europe’s largest speech application service providers.Eckoh offers technology that will build on ITV’s existing interactive elements in programmes including This Morning, CiTV and Ant And Dec’s Saturday Night Takeaway. Eckoh claims… Continue reading ITV Builds Interactive TV Platform With Eckoh Deal

Radio revenues across the US remained weak during the final quarter of 2003, but the industry is showing signs of rejuvenation for 2004, according to Merrill Lynch.Subscribers to MediaTel Insight can access more national and international media analysis, forecasts and news by visiting the site.

Radio revenues across the US remained weak during the final quarter of 2003, but the industry is showing signs of rejuvenation for 2004. Merrill Lynch predicts that US radio revenue growth during the fourth quarter will range from an increase of 1% to a decline of 2% year on year, compounded by weak local advertising… Continue reading US Radio Revenues Weak In Q4 2003, Says Merrill Lynch

ITV partners Carlton and Granada were seen in focus yesterday as their multi-billion pound merger drew nearer to completion. However, reports suggest that sales teams at the two broadcasters are preparing themselves for major job losses that could see around 300 staff made redundant. Carlton was seen down 0.92% and Granada slipped by 1.66%.GWR was… Continue reading Sharewatch: Stocks Slide As ITV Merger Looms

BBC chairman, Gavyn Davies, yesterday resigned following the critical conclusions of Lord Hutton’s inquiry into the death of Ministry of Defence weapons advisor Dr David Kelly.Lord Hutton yesterday unveiled a report that was heavily critical of the way the BBC handled developments following a story on Radio 4’s Today programme, which claimed that the Government… Continue reading Davies Resigns Following Hutton Report Criticisms

BBC chairman, Gavyn Davies, yesterday resigned following the critical conclusions of Lord Hutton’s inquiry into the death of Ministry of Defence weapons advisor Dr David Kelly.Lord Hutton yesterday unveiled a report that was heavily critical of the way the BBC handled developments following a story on Radio 4’s Today programme, which claimed that the Government… Continue reading Davies Resigns Following Hutton Report Criticisms