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WPP’s Ogilvy and Young & Rubicam advertising agencies have agreed to acquire a 35.2% stake in LG Ad, Korea’s second largest advertising agency. LG Ad employs over 500 people and its major clients include LG Electronics, LG Telecom and Korean Air. The business reported revenues of KRW57.3 billion for the year ended December 2001 and… Continue reading WPP Takes Stake In Korea’s LG Ad

Analysis of the latest TV revenue figures for October reveals a positive period for total UK terrestrial TV, which experienced a 13.1% year on year increase in revenue. Gains were experienced across the board, but Channel Five saw the most significant improvement, with revenue rising by 31.8% year on year despite the recent departure of… Continue reading TV Market Round-Up October 2002

Anglo-Dutch publishing group, Reed Elsevier, this morning said that it is on track to deliver double-digit earnings for the full year 2002 and expects to achieve the same in 2003. The positive trading statement comes despite very tough market conditions, particularly in the business to business publishing sector. Business publishing accounts for 27% of Reed’s… Continue reading Reed Elsevier On Target For Double-Digit Earnings

There are now more than 18 million residential broadband subscribers in North America, according to new figures from research firm Kinetic Strategies. It is estimated that 1.9 million new subscribers were added in the third quarter to take the total to 18.08 million. Of these, 15 million are based in the US where broadband internet… Continue reading North American Broadband Population Set To Top 20 Million

Bob Wootton, director of media and advertising affairs at ISBA, has placed further pressure on Carlton and Granada by re-iterating his opposition to a merger of the two sales houses.Speaking at Starcom Motive’s media conference in London today, Wootton said he believed the sales houses should remain separate. Underlying his remarks is ISBA’s belief that… Continue reading ISBA Renews Opposition To Sales House Merger

Downloadable games will replace ringtones as the most profitable mobile content and entertainment service in Western Europe, according to Analysys. In a new report, the telecoms consultancy suggests that mobile games have the best short term growth prospects with revenues expected to surge from E255 million in 2002 to more than E3 billion in 2005.… Continue reading Mobile Games Revenues To Increase Tenfold

Former Capital Radio group programme director and the ‘Headmaster’ of BBC’s Fame Academy, Richard Park, is to join Emap Performance as a consultant on London-based radio station Magic 105.4.Park, who worked at Capital for 14 years before setting up his own media consultancy, will be working in conjunction with Magic 105.4’s programme director Trevor White… Continue reading Fame Academy Headmaster To Join Emap As Consultant

BSkyB reckons that its satellite customer base could ultimately pass ten million, within a UK pay-TV market penetration of 80%, according to analysts at Merrill Lynch. The broker itself is now forecasting that there will be 8.1 million Sky satellite subscribers by 2010. This is an upgrade on the July forecast, which put Sky at… Continue reading BSkyB Bullish On Its Future, Says Merrill Lynch

AOL has secured a deal with NTL, worth £85 million, to use the group’s cable network to carry its broadband service.The deal will expand AOL broadband’s potential reach to 7.2 million broadband-enabled households on NTL’s network and marks the extension of an existing agreement.According to AOL, the company will have the largest potential customer base… Continue reading AOL Extends Broadband Offering With NTL

Sara Nathan, former editor of Channel 4 News, has been appointed acting deputy chair of the content advisory board at the new communications super-regulator, Ofcom.Although the appointment is temporary, it has been speculated she will keep the position after the initial development period, giving her one of the most powerful positions in television.The content advisory… Continue reading Ex-Channel 4 News Editor Joins Ofcom Board