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Capital Radio saw a leap in shares today on the back of a good performance by its flagship station Capital 95.8FM in yesterday’s RAJAR results, but Merrill Lynch analysts are not convinced that the company is out of trouble. The broker described Capital’s regaining of ground in the London market as a “catch-up” rather than… Continue reading Capital Playing Catch-Up, Says Merrill Lynch

Capital Radio was the main beneficiary from the latest RAJAR listening figures for the fourth quarter of 2003 with shares rising by 4.28%. GWR saw stock fall by 3.72% and Chrysalis dipped by 2.73% (see RAJAR Results: Q4 2003: Heart Keeps Capital Under Pressure).Meanwhile, profit takers left their mark on the sector and Reuters dipped… Continue reading Sharewatch: Radio Groups In Focus After RAJAR Results

Hollinger International, the holding company of Hollinger Inc, has rejected a takeover 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 the Barclays offered was not high enough. The brothers have already agreed a $400 million deal with… Continue reading Hollinger International Rejects Barclays’ Bid

The rising uptake of personal video recorders (PVRs) such as Sky Plus and TiVo could transform the media planning and buying process, even by as early as 2006, according to new research carried out by media agency PHD. The ongoing study into the effect of PVRs suggests that viewers’ ability to skip commercial breaks could… Continue reading PVRs Could Transform The Media Planning Process

Highbury House Communications, publisher of Front and Fast Car, has issued an upbeat trading report. Trading in the last two months of 2003 had been in line with expectations, it said, and it expects profits for the full year to be as forecast.The company said that its shift towards becoming a pure consumer publisher, and… Continue reading Highbury House Profits In Line With Market Forecasts

Lehman Brothers has upgraded its earnings forecast for BSkyB in anticipation of a good set of first-half results next month. Analysts are particularly impressed by recent take-up of Sky’s PVR box, Sky+, and expect the company to announce an additional 90,000 subscriptions to the service in its first-half results on 11th February. The increase in… Continue reading Sky+ Sales Expected To Be Strong In BSkyB Interims

The majority of UK communications agencies are now more optimistic about the business climate than they were three months ago, according to new research from the Communications Agencies Federation.The latest Agency Barometer survey shows that a total of 65% of agencies and consultancies have increased their income forecasts for the coming year, compared to just… Continue reading UK Agencies Now More Optimistic About Business Climate

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

Calls for fundamental changes to the way the BBC is governed intensified last night following Greg Dyke’s decision to step down as director general in the wake of the Hutton report.The BBC’s board of governors voted by a margin of two to one to dismiss Dyke, in a move that effectively forced him to step… Continue reading Dyke’s Departure Casts Doubt Over Future Role Of BBC