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WPP has cleared one of the last hurdles en route to the acquisition of Cordiant Communications by agreeing to buy out the outstanding debt held by a US investment fund. The global advertising group has paid £90 million to Cerberus Capital Management, a week after offering £266 million to take control of Cordiant and its… Continue reading WPP Raises Stakes In Cordiant Tug Of War

The Institute Of Practitioners In Advertising has strengthened its opposition to the proposed £2.6 billion merger of Carlton and Granada and has branded plans to regulate the way in which ITV sells airtime advertising as “flawed, complex and dangerously open to abuse”. Earlier this week both the IPA and ISBA appeared before the Competition Commission… Continue reading Advertisers Strengthen Opposition To ITV Merger

Reports have emerged that US media giant Viacom is set to bid for some of the entertainment assets of Vivendi Universal, taking to six the number of parties that have expressed interest in the businesses. Vivendi announced two months ago that it was prepared to listen to offers for its US entertainment division which comprises… Continue reading Viacom May Bid For Vivendi Cable Assets

Chris Evans has lost his multi-million pound claim for damages against SMG’s Virgin Radio, after the station sacked from the breakfast show slot in June 2001. The high-profile TV and radio presenter claimed he was unfairly dismissed and sued SMG for the loss of share options worth £8.6 million. However, the High Court ruled today… Continue reading SMG Triumphs Over Evans In High Court Battle

Trinity Mirror, the UK’s largest newspaper group, today said that advertising conditions have remained volatile during the last six months, with a 0.6% increase in Q1 being offset by a 0.4% decline in Q2. Overall, the period will show flat year on year growth for the group. Trinity says that the weaker performance in Q2… Continue reading Advertising Remains Volatile At Trinity Mirror

Almost two thirds of consumer magazine publishers have managed to create advertising and sponsorship packages that span their print and website publications, according to a survey by the International Federation of the Periodical Press (FIPP). The Routes To Success For Consumer Magazine Websites survey found that 65% of publishers had secured these kind of cross-media… Continue reading Magazine Publishers Secure Print And Web Ad Deals

US radio revenues were flat during May, after returning to a slight growth during April (see US Radio Returns 1% Growth In April), according to the latest figures from the US Radio Advertising Bureau (RAB). Local revenues saw no growth, whilst national spend rose by 4% in May; combined the total radio market was flat.… Continue reading US Radio Revenue Flat In May, Q3 Growth Predicted

The delivery of email with attachments via mobile phones is considered one of the most promising applications for increasing operators’ productivity, according to a survey by mobile information company Telephia. The survey of business users and key decision makers found that, across both groups, email attachments were viewed as one of the most likely services… Continue reading Email Attachments To Improve Mobile Productivity?

Troubled advertising group Cordiant was the sector’s big mover yesterday, up 9.09% on reports the proposed take-over bid from WPP may be halted (see WPP Seals £266m Cordiant Takeover). Yesterday majority shareholder, Active Value, succeeded in gaining control of more than one quarter of the group’s shares and is set to block the deal (see… Continue reading Sharewatch: Cordiant Rises On Active Value Success

Channel 4’s director of television, Tim Gardam, has announced his intention to step down at the end of the year.Gardam joined Channel 4 five years ago and was promoted from director of programmes to director of television last October after chief executive, Mark Thompson, cut almost 200 jobs in what he described as the most… Continue reading Channel 4’s Director Of Television To Step Down