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Nahed Ojjeh, the Syrian-born chess promoter, has increased her stake in Cordiant Communications to more than 10%, it was revealed last night. The crisis-torn advertising group has told the stock exchange that Mrs Ojjeh, the widow of a Saudi billionaire, had “built a stake in the company during the period 10 June 2003 to 4… Continue reading Mystery As Chess Queen Raises Cordiant Stake

ITV2 has launched a new on-air identity, which builds on the ITV1 logo and is designed to assist in the creation of a “new personality” for the station.The new channel identity, is designed around the concept of “flip-side” and will promote ITV2 as the complimentary alternative to ITV1, with a more modern and youthful feel.The… Continue reading ITV2 Launches New On-Air Look

Liberal democrat peer, Lord McNally has narrowly failed to enforce changes to the Communications Bill which would have prevented Rupert Murdoch from buying a UK terrestrial TV channel, such as Channel Five. Despite support from across the political divide, the proposed amendment (see Lib Dems May Scupper Communications Bill Compromise) was defeated by 167 votes… Continue reading Lords Fail to Carry “Murdoch Amendment”

Wireless Group chief executive, Kelvin MacKenzie, has reiterated his threat of legal action against RAJAR following its rejection of electronic measurement (see RAJAR Says ‘No For Now’ To Electronic Measurement).Speaking at this year’s annual Radio Festival in Birmingham, the flamboyant former Sun editor claimed that electronic meters are more accurate than the current diary system… Continue reading MacKenzie Off To Court Over Electronic Measurement

ITV needs to brace itself for a 3.3% fall in advertising revenues this year, according to new analysis of the commercial television sector from Lehman Brothers. The FY forecast for 2004 has been duly cut from 4% to 2.5%.Also On MediaTel Insight Today…Poor Business Plans To Blame For Pay-TV FailuresThe inability to initiate professional business… Continue reading MediaTel Insight: ITV Advertising Forecasts From Lehman Brothers

Merrill Lynch has revised down its forecasts for the US newspaper industry due to weakness in a number of advertising sectors. Only last week, the broker expressed confidence that revenue growth for 2003 would be 2.9% (see US Newspaper Spend To Grow 3% In 2003, Says Merrill Lynch) but disappointing May results have forced its… Continue reading Broker Lowers US Newspaper Growth Forecasts

The inability to initiate professional business plans has been the main reason for the lack of success of many European pay-TV channels, says a new report. Some 150 channels across Europe have been forced to close in the last six years, costing investors more than £2 billion. Wasted investment in the UK alone is in… Continue reading Poor Business Plans To Blame For Pay-TV Failures

Carlton and Granada were seen in focus yesterday, rising 4.26% and 3.29% respectively, as the media sector moved upwards following the overnight rally of the US dollar against the pound.WPP was also seen up, by 3.94%, despite revelations that Nahed Ojjeh, the Syrian-born chess promoter, had built up a 10.75% stake in Cordiant. There are… Continue reading Sharewatch: ITV Partners Rise After Positive Sentiment

ITV needs to brace itself for a 3.3% fall in advertising revenues this year, according to new analysis of the commercial television sector from Lehman Brothers. Earlier this year, ITV companies were told to anticipate flat revenues for the full year to September (see ITV Advertising And Merger Outlook From Lehman Brothers) but the situation… Continue reading ITV Advertising Forecasts From Lehman Brothers

GWR’s sales house, Opus, has launched a new website, which will represent all 31 of The Mix music radio stations.The website, www.musicradio.com, will feature news and listings information for each station. According to Opus, it will also provide advertisers with a greater online presence on The Mix network.To promote the launch of the new site,… Continue reading Opus Launches New Website For The Mix