More Industry News articles

As expected, radio and sport internet company TeamTalk has acquired an 80% stake in the Atlantic 252 radio station. The interest has been sold by pan-European broadcaster RTL, with the remaining 20% in Atlantic held by Irish state broadcaster RTE. The acquisition of the Atlantic stake, for £2 million, represents a considerable addition to Teamtalk’s… Continue reading TeamTalk Takes 80% Stake In Atlantic 252

Emap has announced a new look for its clubbing title Mixmag. From November, the title’s look will be “more design led with a heavy and imaginative use of photography”. Changes have also been made to the editorial team, in the form of several promotions among existing staff.Although the title’s circulation slipped slightly period on period… Continue reading Mixmag Gets Makeover

BSkyB has reached an agreement with German media group, Kirch Pay-TV, not to exercise its rights to sell its minority stake in Kirch until 2003, according to a report in this morning’s Financial Times. BSkyB, owned ultimately by Rupert Murdoch’s News Corporation, holds a 22% stake in Kirch. It has the right to sell this… Continue reading BSkyB To Hold Off Sale Of Kirch Stake, Say Reports

Adshel has launched new campaigns for 2002 which include an initiative whereby advertisers will be offered lower costs in proportion to the share of outdoor campaigns booked on Adshel sites. This approach is a first for the outdoor sector, but reflects the way the rest of the advertising industry operates.Julie France, Adshel’s managing director, explained:… Continue reading Adshel Introduces Share Trading To Outdoor

In its weekly assessment of the pan-European media sector for investors, ABN Amro has said that whilst stocks have recovered slightly, this is a result only of a broader improvement in the global markets and that the outlook for the media and advertising sector itself remains more or less unchanged. The broker says that the… Continue reading ABN Amro Warns On Short Term Improvements In Ailing Media Sector

Dow Jones, the US publishing group which owns the Wall Street Journal, has reported Q3 financials slightly ahead of previously lowered figures, but warned that the final quarter could be down on estimates if the current market conditions continues, as is expected. The WSJ has seen its advertising revenues substantially knocked so far this year… Continue reading Tough Ad Market Continues To Hit Dow Jones

NBC, the US broadcasting network owned by General Electric, has agreed to buy Hispanic broadcaster Telemundo for $2.7 billion (£1.9 billion) in stock and cash. The deal gives NBC a good foot-holding in the fast-growing Spanish language market.

Rupert Murdoch has said that his media company, News Corporation, will lose £69 million as a result of the terrorist attacks in the United States. Speaking at the company’s annual meeting in Adelaide, Australia, he told shareholders: “Advertising is going through a very uncertain time. We have been in a recessionary period for the last… Continue reading News Corp Loses £69m Following Attacks

ITV partners, Carlton and Granada saw shares rise yesterday despite ABN Amro downgrading its forecast for ITV ad revenue yet again. Carlton was up 9.97% to finish at £1.82, an increase of 16˝p on the previous day, while Granada saw stock climb 2.44% to close at £1.26, up 3p on the day before.WPP, which is… Continue reading Sharewatch

The Government has launched a Digital TV Action Plan which it says will help to increase the quality, reliability and geographical coverage of digital TV, as well as making switchover possible by the 2006-2010 deadline.The plan was outlined today by Douglas Alexander, e-commerce minister and Kim Howells, broadcasting minister, and includes the launch of a… Continue reading Government Launches Digital TV Action Plan