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UK cable company, Telewest Communications, today said that it is making progress in its plans for the full financial restructure that will rid the group of £3.5 billion of its £5.3 billion debt. However, the company has run into a glitch with one of its creditors, French banking institution Credit Agricole, which is attempting to… Continue reading Telewest Defers Payments Ahead Of Restructure

Guardian Media Group has continued it’s radio expansion with the acquisition of Clear Channel UK’s radio sales division for an undisclosed sum.The future of the advertising house had been in doubt following GMG’s £44.5m purchase of Jazz FM which accounted for about 52% of Clear Channel’s advertising sales revenues (see Jazz FM Agrees To £44.5m… Continue reading GMG Set To Consolidate Radio Ad Sales

Speculation is mounting that the Government is considering relaxing the proposed rules on radio ownership as laid out in the Draft Communications Bill.Paul Brown, chief executive of the Commercial Radio Companies Association (CRCA) has confirmed that his organisation met with Culture Secretary, Tessa Jowell, earlier this week in a private meeting to discuss the issue.The… Continue reading Radio Ownership Rules May Be Relaxed

Mobile marketing group Aerodeon is launching a viral SMS campaign to promote lollypop brand Chupa Chups.The three week campaign is targeted at 10 to 18 year old males and females. Aerodeon will utilise SMS databases from high profile media owners – T4, CD:UK and Galaxy Radio.Participants in the campaign will be given the opportunity to… Continue reading Aerodeon Launches SMS Campaign For Chupa Chups

Ad revenues at regional newspaper publishing group, Johnston Press, are performing strongly in ‘challenging market conditions’, with Q3/Q4 growth expected to be 1-2%, according to Merrill Lynch analysts.The broker is expecting a full year growth of about 2%. Johnston’s management is budgeting for a 2-3% growth next year, in line with analysts’ forecasts, but well… Continue reading Johnston Press Revenues Resilient In Challenging Market

Media stocks were seen recovering on Thursday, following the broader London equity market upwards after some positive results from across the Atlantic and some bullish comments from the Bank of England’s monetary policy committee.On the corporate news front Scottish Media Group was seen in focus as MSP’s from Labour and Scottish National Party called on… Continue reading Sharewatch

Clear Channel UK’s radio sales arm has confirmed that it is to be bought out by Guardian Media Group for an undisclosed sum.A spokesperson for the US-owned Clear Channel said it was: “business as usual and the move would cause minimal disruption.”More to follow on Newsline soon……

Channel 4 marketing has launched its marketing campaign for Celebrity Big Brother 2, due to begin later this month.The campaign, created by Foundation 33, will comprise of one execution to run on Golden Square poster sites. There will also be radio ads and carefully placed campaigns in celebrity weeklies.Katie Hayes, Marketing Manager at Channel 4,… Continue reading Channel 4 Launches Celebrity Big Brother Campaign

The Government’s Communications Bill must defend television news, according to the Independent Television Commission (ITC) and The Broadcasting Standards Commission (BSC).The New News, Old News study published by the regulatory bodies claims that our news infrastructure risks being “undermined” by the growing assumption that news is something available “free of charge and free of effort”.The… Continue reading Regulators Say Communications Bill Must Protect TV News

After a recent period of slight recovery, the deteriorating outlook for consumer spending levels may begin to negatively impact on advertising spend, forcing growth down once again. Advertising is very closely tied to consumer confidence and corporate profitability. In 2001 there was a sudden dip in corporate profitability and it was primarily this which caused… Continue reading Insight Analysis: Will A Consumer Spending Dip Bring Down Ad Revenues?