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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

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… Continue reading Telewest Chief Executive Removed In ‘Boardroom Coup’

UK cable operator, Telewest Communications, has this morning posted its first half financials, after a period which newly-installed managing director, Charles Burdick, described as a ‘tough quarter’. Burdick has just taken over the top position at the indebted business, after previous chief executive, Adam Singer, was ousted by the Board (see Telewest Chief Executive Removed… Continue reading Loss Narrows As Broadband Grows At Telewest

RAJAR figures for the second quarter of 2002 bring less than impressive news for the majority of London radio stations. Capital 95.8 FM and Capital Gold London were the only stations to see their weekly reach increase period on period.Among other major London radio stations, Heart 106.2 experienced a slight decline in reach, whilst Kiss… Continue reading RAJAR Results Q2 2002- London Stations

BSkyB, which yesterday announced that it gained 214,000 subscribers in Q4 last year, taking its total to 6.1 million (see Financial Results Released By Trinity And BSkyB), saw shares rise yesterday. Stock improved 1.18% to close at £5.99, an increase of 7p on the day before.Trinity Mirror, which revealed that pre-tax profits fell to £78.4… Continue reading Sharewatch

NRS figures for the first six months of 2002 show that during the period there has been little change in the number of people reading national newspapers. However, there have been winners and losers.GMG group emerged as the main winner in a year on year comparison. The Guardian saw the best percentage increase year on… Continue reading NRS National Newspaper Round-Up – June 2002

ISBA has criticised the Joint Scrutiny Committee for advising the Government to rethink its decision to allow non-European investors to buy UK media companies.The Committee, chaired by Lord Puttnam, is urging the Government not to abolish the current media ownership regulations and is suggesting that the issue of foreign ownership should be dealt with by… Continue reading Joint Scrunity Committee Report Prompts Reaction

Full listings of performance by ownership for the major radio station owners is available to subscribers in Radio reports, click button on left.Subscribers can access the full version of this article in Radio reports, click button on left of screen.

The tables showing the best and worst performers, in terms of weekly reach and share of listening, of the local commercial stations broadcasting outside London are now available to subscribers in Radio reportsThe following stations were reporting with new survey periods: Real Radio Scotland, Saga 105.7 FM, Connect FM and Lite FM, which are now… Continue reading RAJAR Results Q2 2002: Local Commercial Stations