The Wireless Group (TWG) is to finance the repayment of its remaining bank debt through the sale of Wave 105 FM to Scottish Radio Holdings (SRH) for £18.0 million. Following the disposal, TWG will be left with a cash balance of £1 million.The move follows the £25.5 million sale of Scot FM to the Guardian… Continue reading Wireless Offloads Wave 105 In Debt Clearance
More Group has appointed Guy Beresiner as head of client sales with responsibility for developing the company’s portfolio of brands including Adshel, More O’Ferrall and Taxi Media.In the newly created role Beresiner will be charged with communicating the ways in which the outdoor industry can help advertisers get the most from their campaigns. He will… Continue reading More Group Appoints New Head Of Client Sales
The Radio Authority will invite applications for the latest digital multiplex licence to come up for grabs from Friday this week. The licence to be advertised will serve the South Hampshire area, and include coverage of the cities of Southampton, Portsmouth and Winchester. The potential adult audience will be just over 1 million.As before with… Continue reading Radio Authority Advertises New Multiplex
The Government has reportedly shelved plans to pay for millions of people to switch to digital TV, fuelling speculation that the current 2006-2010 deadline for the switchover will not be met. A report in today’s Financial Times claims that a scheme enabling millions of UK households to go digital was abandoned by the Government last… Continue reading Digital Deadline Thought ‘Optimistic’, Says FT
Reuters reports that following the 11 September attacks in the US, the major TV networks there – ABC, CBS and NBC – lost a combined $880 million in advertising revenue for the third quarter. This represents a 28.6% decline on Q3 2000. The figures, which come from the Broadcast Cable Financial Management Association, represent the… Continue reading US TV Networks Lose Record $880m In Q3 Ad Revenue
The Wireless Group (TWG) is to finance the repayment of its remaining bank debt through the sale of Wave 105 FM to Scottish Radio Holdings (SRH) for £18.0 million. Following the disposal, TWG will be left with a cash balance of £1 million. The move follows the £25.5 million sale of Scot FM to the… Continue reading Wireless Group Offloads Wave 105 To Scottish Radio In Debt Clearance
Q3 results from BSkyB released today reveal revenue increases of 24% and net subscriber growth of 190,000 bringing BSkyB’s DTH subscriber total to 5.49 million. Pre-tax losses for the period fell to £89 million, compared with £123 million for the same period last year. Turnover rose 23% to £642.7 million (from £520.3 million) and earnings… Continue reading BSkyB Losses Fall As Subscriber Growth Continues
Today was a bad day on the stock market for media technology stocks, as Telewest shed 5.6% of its value to end at 46¼p and Smartlogik dropped 9% to 2½p.As BSkyB prepared to release its financial results today, shares in the digital satellite broadcaster slipped almost 3% to end at £7.47. The best performer was… Continue reading Sharewatch
Q3 results from BSkyB released today reveal revenue increases of 24% and net subscriber growth of 190,000 bringing BSkyB’s DTH subscriber total to 5.49 million.Pre-tax losses for the period fell to £89 million compared with £123 million for the same period last year. Turnover rose 23% to £642.7m (from £520.3m) and earnings before interest, tax,… Continue reading Sky Reports Revenue Increases
ISBA and the IPA are both lobbying the UK’s e-commerce minister Douglas Alexander, while the Internet Advertising Bureau has launched a “Save Our Cookies” campaign in response to EU proposals on internet “cookies” which the organisations believe could severely damage the fledgling e-commerce industry.The proposal has been laid down in an amendment to the EU… Continue reading Protests At Cookie Cutting Proposals
