Chrysalis Radio’s like for like airtime revenues rose by 18.6% in the five months to 31 January 2003, massively outperforming other major UK operators.In a statement released this morning ahead of the group’s AGM, Chrysalis said that trading remains ‘robust’ and in line with expectations. Excluding the acquisition of LBC and disposal of Galaxy 101… Continue reading Chrysalis Radio Revenues Surge 19% In Last Five Months
Chrysalis Radio’s like for like airtime revenues rose by 18.6% in the five months to 31 January 2003, massively outperforming other major UK operators. In a statement released this morning ahead of the group’s AGM, Chrysalis said that trading remains ‘robust’ and in line with expectations. Excluding the acquisition of LBC and disposal of Galaxy… Continue reading Chrysalis Radio Revenues Surge 19% In Last Five Months
Cordiant Communications has confirmed that it has entered into negotiations to sell a number of Australian assets including the advertising agency George Patterson Bates. It was reported last week that Cordiant was discussing a £40 million deal with Pacific Equity Partners, a private equity firm with links to David Hearn, Cordiant’s new chief executive (see… Continue reading Cordiant Prepares To Sell Australian Assets
Worldwide advertising network, Grey Global Group, has reported that revenues for 2002 were essentially flat when compared to 2001, despite a 10.5% rise in the fourth quarter. This came principally from the company’s North American operations. The company said that full-year increases for its US operations were offset by poorer figures coming from the international… Continue reading Grey Global Shows Strong Q4, Flat Full Year 2002
Carlton and Granada’s proposed £2.6 billion merger is expected to be referred to the Competition Commission this week by the Office Of Fair Trading. The two broadcasting giants agreed the terms of the deal last October following months of speculation about the future of the ITV Network (see Carlton And Granada Enter Advanced Merger Talks).… Continue reading ITV Merger Set For Competition Commission Referral
Trinity Mirror is believed to have been in talks with venture capitalists Apax Partners and Candover about a possible £1.3 billion bid for the newspaper group. Reports suggest that Trinity Mirror chairman, Sir Victor Blank, met with Apax Partners and Candover to discuss an offer for the company late last year. However, the talks are… Continue reading Trinity Mirror Rumoured To Have Received Take-Over Bid
Vivendi Universal is believed to be considering a new bid for its US entertainment businesses from the oil tycoon Marvin Davis. It is alleged that Davis held a closed doors meeting with Vivendi boss Jean-René Fourtou last week in which he offered $15 billion for VUE, which includes Universal Studios and Universal Music. He has… Continue reading Davis Makes New Offer For VUE
Week on week analysis reveals a lacklustre performance for the media sector, which has been shaken by the recent woes of the FTSE.Cable companies were seen in focus following news that a merger between Telewest and NTL will not take place for at least another year (see UK Cable Merger Put On Hold). Telewest saw… Continue reading Sharewatch: Telewest Suffers Following Merger Delay
Viacom Brand Solutions (VBS), which handles sales for Viacom-owned MTV and VH1, is expanding into third party sales and is to take on the recently launched E! Entertainment channel.The deal, which will see VBS take charge of E!’s commercial airtime and sponsorship, represents the first time that the sales house has represented a channel that… Continue reading Viacom Makes First Move In To Third Party Sales
After a slow start, digital interactive television (DiTV) is starting to realise its potential and many broadcasters now appreciate the unique opportunities offered by the medium. This is the tenor of Beyond the Red Button, a new report published this week by the IPA.The findings show that television companies are taking steps to introduce programming… Continue reading Interactive TV Here To Stay, Says IPA Report
