More Industry News articles

Gunter Thielen, the new chief executive of Bertelsmann, has categorically denied that the group is under pressure to sell high profile media divisions such as Channel 5 and Gruner & Jahr magazines. While accepting that the company would exceed self-imposed debt limits for the year, Thielen claimed that Bertelsmann would reduce its arrears through consolidation… Continue reading Bertelsmann To Consolidate, Not Sell, Says Chief

The Football League today lost their High Court case against Carlton and Granada’s collapsed ITV Digital venture over £178.5 million owed from a three-year broadcasting deal.ITV Digital, formerly known as ONDigital, went into liquidation in April when it announced that it could not fully honour the £315 million contract. A number of league clubs have… Continue reading League Loses ITV Digital Battle

Radio advertising revenues rose by 23% in the three months to 31 July 2002 at Chrysalis Radio, following a 24% growth during March and April, the company announced in a statement this morning. These figures are considerably higher than second and third quarter forecasts from the Advertising Association (AA) and indicate that Chrysalis is currently… Continue reading Chrysalis Radio Ad Revenues Outperform Market

This year’s World Cup was expected to benefit radio listening due to the time difference with host nations Japan and Korea. A year on year comparison of listening for the national sports stations seems to suggest this was the case. BBC Radio 5 Live, which carried live match commentary, saw a significant increase in weekly… Continue reading RAJAR Results Q2 2002- National Stations

The Football League today lost their High Court case against Carlton and Granada’s collapsed ITV Digital venture over £178.5 million owed from a three-year broadcasting deal. ITV Digital, formerly known as ONDigital, went into liquidation in April when it announced that it could not fully honour the £315 million contract. A number of league clubs… Continue reading League Loses ITV Digital Battle

The RAJAR listening figures for the second quarter of 2002 show that in terms of share, there has been little movement, period on period. Both All BBC and All Commercial radio retained the exact same percentage share as they had in the first quarter of the year, which means the BBC retains its edge for… Continue reading RAJAR Results Q2 2002- Overall Summary

GWR is selling its 25% stake in DMG Radio Australia to Daily Mail and General Trust (DMGT), holder of the remaining 75%, in return for a cancellation of debt to the company. As part of the deal, 5.8 million new shares in GWR will be issued to DMGT, raising its stake in GWR from 26.8%… Continue reading GWR Offloads DMG Radio Australia And Reduces Debt

National speech-based sports radio station, TEAMtalk 252, is to close after less than five months on air.The station, which launched in February to rival Wireless Group-owned TalkSPORT and BBC Radio Five Live, was bought by UKBetting in May for around £14m (see UKBetting To Acquire TEAMtalk For £13.7m). The online bookmaker has decided to close… Continue reading TEAMtalk 252 To Close After Less Than Five Months

Ad revenues at radio group GWR rose by 6.0% year on year in the second quarter, ahead of expectations and at first look indicating a strengthening radio marketplace; GWR had been expecting only ‘marginal’ growth for the period (see GWR To Focus On UK Market As Group Profits Fall). Like for like revenues in the… Continue reading GWR Revenues Rise 6% In Q2, But Declines Expected In Q3

Telewest Communications’ chief executive, Adam Singer, has been abruptly ousted from the cable operator’s Board following what the Financial Times describes as a ‘boardroom coup’. Singer was ‘forced’ to resign by non-executive directors at the company, according to reports.Taking the helm at the heavily indebted cable group is previous finance director, Charles Burdick, who will… Continue reading Telewest Chief Executive Removed In ‘Boardroom Coup’