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Emap Digital Travel (EDT) has been sold to internet-based travel technology and distribution group, Online Travel Corporation (OTC) for £2.8m. Paul Keenan, chief executive of Emap Digital, explained the decision, “We have previously stated that we are focusing our online activities towards our strategically important off-line assets. We don’t have a major presence in the… Continue reading Emap Offloads Travel Websites For £2.8m

Emap Digital Travel (EDT) has been sold to internet-based travel technology and distribution group, Online Travel Corporation (OTC) for £2.8m.Paul Keenan, chief executive of Emap Digital, explained the decision, “We have previously stated that we are focusing our online activities towards our strategically important off-line assets. We don’t have a major presence in the travel… Continue reading Emap Offloads Travel Websites For £2.8m

The Wireless Group this morning said that it is to sell Scot FM to the Guardian Media Group (GMG) £25.5 million in cash and loan notes. Scot FM Limited owns just one licence and broadcasts across the central belt of Scotland as Scot FM. It was attained by Wireless Group as part of the acquisition… Continue reading Wireless Group Sells Scot FM To Guardian Media For £25.5m

BSkyB is to close its movie division Sky Pictures. The closure of the film division, which was set up in 1998, is thought to have resulted from a strategic review focussed on costs. BSkyB also recently announced plans to cut jobs from Open, Sky Interactive and the business side of Sky News.The decision to close… Continue reading Sky Pictures To Close As Part Of Cost Cutting Drive

Shares in RTL soared 25.52% week on week to finish £10 better off, with a closing price of £49.18. Bright Station also had an impressive week, with shares climbing 13.33% to finish at 8.˝p, 1p better off than the previous week.In what was an eventful week for EMAP (see Hand Steps Down As PPA Chairman)… Continue reading Sharewatch

According to the Henley Centre, the average person lost two hours of their leisure time to work between 1992 and 1998, leaving less opportunity for media consumption. Road congestion is getting heavier, meaning more time sat in the car and less at home and when people do sit down in front of the telly or… Continue reading Insight Analysis: ‘Passive’ Media Benefit From Ad-Fatigue

Future Network is to sell the US Business 2.0 magazine, brand and related conference and online activities to Time Group in a move designed to reduce Future Network’s debt. The initial cash consideration from Time will be £48.8m, with additional considerations dependent on financial performance until the end of 2006.The deal is expected to bring… Continue reading Future To Dispose Of Business 2.0 In Debt Reduction Exercise

“Never work with children or animals”, or so the saying goes, and the former category proved troublesome for advertisers this month when child-based adverts caused a volley of complaints to the Independent Television Commission (ITC).The advert prompting the highest level of complaint, from a total of 125 viewers, was for Pampers Total Care. The nappies,… Continue reading ITC Rejects Nappy Complaints But Blackballs Snowballs

There were a few bloodshot eyes and thumping heads in the Mediatel office (and doubtless elsewhere around Golden Square) this morning after last night’s MRG bowling tournament. This, of course, had nothing to do with the copious amounts of alcohol that were consumed from the free bar, but comes with the exhaustion experienced only by… Continue reading Mashers Mashed At MRG Bowling Tournament

Magazine and internet publishing group, Future Network, is to sell the US edition of its Business 2.0 title to The Fortune Group, a division of AOL Time Warner. The move to dispose of Business 2.0 in the US follows the closure of the European edition after it suffered from a downturn in the business sector… Continue reading Future To Sell US Business 2.0 To Fortune Group