Media Stocks were seen staging a tentative recovery on Wednesday after Tuesday’s sell off. London equity markets were seen rebounding after some much needed positive corporate results, and some positive guidance in the battered financial sector.In the telecoms sector Cable & Wireless was seen in focus after Credit Suisse First Boston lowered its outlook for… Continue reading Sharewatch
Chrysalis Radio has announced the acquisition of London News Radio (LNR) from rival GWR Group for £23.5 million.The acquisition of LNR, which encompasses the LBC and NewsDirect radio brands, will strengthen Chrysalis’ position in the key London market and according to the radio group, will increase its share in the capital from 10.4% to 15.9%.Chrysalis,… Continue reading Chrysalis Strengthens London Offering With LNR Acquisition
Like for like airtime revenues at Capital Radio are expected to rise by 2% during the six months to 30 September, the group announced in a trading statement this morning.Revenues were down 7% in the six months ended 31 March and, accordingly, the group expects revenues to be down by 2% for the year to… Continue reading Capital Radio Sees 2% Revenue Decline, Tarrant Stays
GWR’s sales house Opus has been awarded the contract to sell advertising across Vibe FM and Galaxy 101 following the recent joint venture deal between GWR and Scottish Radio Holdings.The newly created Vibe Radio Services, which is 52% owned by Scottish Radio Holdings and 49% owned by GWR, yesterday acquired Galaxy 101 from Chrysalis Radio… Continue reading Opus Secures Galaxy 101 Sales Contract
Analysis of the latest TV revenue figures for August reveal an over-all year on year increase for the UK’s main terrestrial channels. Increases were seen across the board, with the exception of GMTV. Channel 5 saw biggest increase, with revenue rising by 30% year on year during August. The coming months will be crucial for… Continue reading TV Market Round-Up – August 2002
Julie Harris, deputy managing director and group publishing director of the Elle and Top Sante titles, is leaving Emap to join Hachette as general manager of the women’s magazine group.The departure of Harris is the first, of what some are predicting will be a steady stream of departures from Emap since the end of its… Continue reading Handbags At Dawn For Emap And Hachette
Telewest Broadband’s head of marketing for interactive services, David Caswell, has stepped down following a further round of restructuring at the troubled cable group.The latest restructure comes less than two months after the appointment of Charles Burdick as managing director following the departure of Adam Singer, who was reportedly forced to resign by the company’s… Continue reading Telewest Broadband Marketing Chief Steps Down
The Telegraph has secured BMW as the sponsor of its Ryder Cup golf supplement.BMW will be the only advertiser in the supplement, which appeared in the newspaper today. The 8-page magazine, which is 70% editorial and 30% advertising, is being promoted with radio adverts on national talk-based radio station, TalkSPORT.The deal was negotiated by Richard… Continue reading Telegraph Secures BMW Sponsorship
GWR Revenues Stay Flat In First HalfAirtime revenues at GWR Group are forecast to be flat for the six months to 30 September, slightly behind the trading at Capital Radio, which saw a rise of 2% over the same period. In a trading statement today, GWR says that UK like for like revenues will be… Continue reading Radio Groups Paint Gloomy Picture Of UK Market
JCDecaux has secured the 15-year street furniture contract for Watford, in a deal thought to be worth around £10 million.The deal, which consists of bus shelters, council information panels, advertising columns and interactive information kiosks, will provide clients with 160 advertising faces and will make JCDecaux the first outdoor contractor with a presence in Watford’s… Continue reading JCDecaux Wins 15-Year Street Furniture Contract
