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Telewest Communications, the struggling UK cable firm, has reached an agreement with bondholders to eradicate £3.5 billion of its £5.3 billion debt in return for 97% of the company’s shares. It has also deferred the repayment of £68 million of interest on bonds as it seeks further approval from investors. The debt for equity swap… Continue reading Telewest Agrees £3.5 Billion Debt Deal

Last night’s much anticipated debut of the second series of The Office pulled in an average of 4.8 million viewers, according to unofficial overnight figures from BARB.The half-hour comedy show, which was broadcast on BBC2 at 10pm, attracted a peak audience of 4.9 million viewers, beating all of the other main terrestrial channels. The show… Continue reading The Office Is Still A Hit For BBC2

Telewest Communications, the struggling UK cable firm, has reached an agreement with bondholders to eradicate £3.5 billion of its £5.3 billion debt in return for 97% of the company’s shares. It has also deferred the repayment of £68 million of interest on bonds as it seeks further approval from investors.The debt for equity swap marks… Continue reading Telewest Agrees £3.5 Billion Debt Deal

IPC’s most revered women’s weekly title, Woman’s Own, is to celebrate is seventieth birthday this month by getting together with ITV’s 30 year-old soap, Emmerdale.To mark the occasion, October’s issue of the magazine for older women will feature its first gatefold cover, which will open to reveal a fashion spread of six of Emmerdale‘s “hottest”… Continue reading Woman’s Own Celebrates 70th Birthday With Emmerdale

Media Stocks experienced heavy losses on Monday, falling victim to the broader volatility as World markets plummeted.Corporate profit woes, weakness in the UK insurance sector and the continued threat of military action in Iraq weighed on sentiment. Wall Street experienced its worst quarterly performance since the stock market crash of 1987 and the FTSE 100… Continue reading Sharewatch

The total number of cable subscribers to high speed internet services in the US is approximately 10 million, according to a new survey by the National Cable and Telecommunications Association (NCTA). The organisation asserts that since 1996, operators have spent more than $65 billion upgrading cable systems to enable consumers to access digital broadband services.… Continue reading US Cable Modem Customers Reach 10 Million Mark

Despite the ongoing advertising downturn marketing professionals received a 4% average pay increase last year, according to the annual salary survey carried out by the Chartered Institute of Marketing (CIM).However, the gap between male and female marketing directors is widening, with women getting paid 12.9% less than their male counterparts, compared with a 10.4% gap… Continue reading Marketing Salaries Defy Advertising Downturn

Online map sites have experienced some of the fastest growth seen on the internet in the last year, according to a report from Nielsen//NetRatings. The research shows that 7.1 million European web users accessed a mapping website during July, an increase from 2.5 million in October 2001. Online map sites are especially popular with office… Continue reading Online Map Sector Could Produce The ‘New Google’

Emap’s dance music magazine Mixmag is launching a SMS initiative to allow readers to receive clubbing news direct to their mobile phones.The new text club, which will be promoted in the magazine, aims to build relationships with readers and create a ‘buzz’ around the monthly publication. The initiative has been designed by Flytxt, who is… Continue reading Mixmag and Flytxt Launch Interactive SMS

A new study has found that increasing numbers of broadband users are watching sports coverage online and the budding industry is already worth more than $100 million. Researchers at technology research firm, Strategy Analytics examined hundreds of international sports sites and reported on the current availability of webcasts and their potential for the future. At… Continue reading Broadband Offers Sporting Chance To Rights Holders