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Cable & Wireless, the troubled UK telecoms firm, appears to have averted a crisis after agreeing a deal with the Inland Revenue that will settle a £1.5 billion tax dispute. According to a statement, C&W will pay £380 million to the Revenue to cover outstanding corporation tax liabilities for the ten years to March 31… Continue reading C&W Settles Tax Dispute With Revenue

Trinity Mirror has appointed Mark Thomas, deputy editor of the Sunday Mirror, as editor of The People with immediate effect.His appointment follows the decision of former editor, Neil Wallis, to defect to News International to become deputy editor of the News Of The World (see Neil Wallis To Be Deputy Editor Of News Of The… Continue reading Thomas Appointed Editor Of The People

Capital Radio has said that it expects its radio revenues to decline by 3% in the three months to March 2003, following a 6% drop in the final quarter of last year (see Capital Radio Ad Revenue Falls 6% In Q4 2002). The group said in a trading statement this morning that the figures will… Continue reading Capital Sees Revenues Down 5% In First Half

Influential Labour peer, Lord Puttnam, is believed to have warned the Government that he intends to lead a rebellion of peers opposed to the liberalisation of the cross-media ownership regulations.It is understood that in a speech during the second reading of the Communications Bill in the House of Lords, Puttnam said the Bill contained “fatal… Continue reading Puttnam To Lead Media Ownership Rebellion

Independent News & Media (INM) has this morning posted a positive set of financial results for 2002, with like for like pre-tax profits rising by 8% to €129.0 million. The group, which publishes the Independent in the UK, said that overall newspaper revenues were up 0.7% in constant currencies, but down 3.2% in real terms… Continue reading INM Profits Rise 8%, Confident Outlook For 2003

Capital Radio has said that it expects its radio revenues to decline by 3% in the three months to March 2003, following a 6% drop in the final quarter of last year.The group said in a trading statement this morning that the figures will result in a 5% decline in advertising revenues for the six… Continue reading Capital Sees Revenues Down 5% In First Half

Independent News & Media (INM) is selling its UK regional newspaper assets to Newsquest for £60 million, the group announced along with its financial results this morning. INM, publisher of the Independent national paper in the UK, has reached an agreement with Newsquest’s US parent, Gannett, to sell the 29 paid-for and 16 free weekly… Continue reading Independent News Sells UK Regional Papers To Newsquest

Independent News & Media (INM) has this morning posted a positive set of financial results for 2002, with like for like pre-tax profits rising by 8% to €129.0 million.The group, which publishes the Independent in the UK, said that overall newspaper revenues were up 0.7% in constant currencies, but down 3.2% in real terms across… Continue reading Independent News & Media Sees Profits Rise By 8%

Despite mobile penetration already being at 75% in western Europe, an additional 17 million users signed up during the course of 2002, according to figures compiled by the Yankee Group. This brings the regional total to 310 million users. This could be an overestimate, given that some inactive users are still counted by certain operators,… Continue reading Western Europe Mobile Penetration To Hit 88% In 2007

Underlying consumer magazine advertising revenues at EMAP rose by 6% in the year to 31 March, whilst radio revenues fell by 2% on the same basis, according to a trading statement issued by the group this morning.EMAP says that in its consumer magazine division, revenues were strong at heat, MaxPower, Kerrang!, New Woman, Empire and… Continue reading Emap Cautious As 2002 Revenues Rise 2%