More Industry News articles

Forever Broadcasting, the Newcastle-based independent radio and new media group, has announced the acquisition of Wolverhampton Area Radio (WAR), owner of analogue station 107.7 The Wolf. Forever has paid £5.1 million – £4.1 million in cash and the remainder by the issue of ordinary shares in the company. Forever will also absorb liabilities of £45,369.… Continue reading Forever Broadcasting Acquires The Wolf – 9 February 2001

The Radio Authority received sixteen applications for the new regional licence for South and West Yorkshire, in time for the deadline on 6 February. The licence covers an adult population of around 2.5m and includes the cities of Sheffield, Leeds and Bradford.Martin Fry, lead singer of ABC, and Robin Smith, president of the Yorkshire County… Continue reading Radio Authority Receives 16 Applications For Yorkshire Licence

US newspaper group Gannett today reported its quarter four and full year financial results, which show that in the three months to December 2000, net income remained pretty flat at $294.9 million – just up from $294.6 million the previous year. However, the company also said that 2000 was the ninth consecutive year of record… Continue reading Gannett’s UK Revenues Hit By Sterling Fall – 9 February 2001

The Radio Authority has awarded the local digital multiplex licence for the West Midlands region to the MXR Consortium, it was announced today. Delivering digital programming to an area with an adult population of around 3.3m, this is the third such licence to be awarded to the group (see MXR Wins Second Digital Licence).MXR proposes… Continue reading MXR Wins West Midlands Licence

9 February 2001 A 42% stake in women’s magazine group Marie-Claire is to be sold to Hachette Filipachi Medias (HFM), the magazine publishing division of Lagardere Group. Whilst the terms of the deal were not disclosed, an offer from HFM in November last year valued a 17% stake at €90 million, effectively putting €534 million… Continue reading HFM To Take 42% Stake In Marie-Claire

The boost to digital television uptake required to allow analogue switch-off could be provided via a subsidy on equipment from licence-fee money, said BBC director-general Greg Dyke yesterday. Speaking at the Commons media select committee, Dyke is reported to have said that the corporation was considering whether to use licence-fee money to fund a large-scale… Continue reading Licence Fee Money May Fund Digital Box Giveaway

ITV has said that charges for carriage of its channels on the Sky platform would has create “almost pure profit” for BSkyB. In a submission to the Department of Culture, Media and Sport’s select committee for the Government’s White Paper, the network said that it would have to pay over £20m a year for ITV… Continue reading Sky Asking £20m For Carriage, Says ITV

Results released earlier this week by BSkyB (see BSkyB Hits Digital Target But Losses Grow) continued to have a bad effect on shares, which fell 33p by the end of yesterday’s trading, to £10.37.Reuters has announced that its subsidiary, news and technology group Instinet, has filed for flotation on the Nasdaq. Reuters shares on the… Continue reading Sharewatch

According to IDC, the worldwide DSL subscriber base rose by over 447% in 1999 and the total number of lines is expected to reach 66.4 million by 2004 – a rise of 61.9 million on 2000. “Clearly, pent-up demand for faster Internet connections – particularly among work-at-home households such as telecommuters, day-extenders, and home-based businesses… Continue reading Worldwide DSL Market Thriving

BSkyB was down 30p to 1070p at close of trading yesterday following the release of interim financial results showing increased losses at the pay-television group (see BSkyB Hits Digital Target But Losses Grow).Granada was up slightly despite forecasting slow ad revenues in the first four months of 2001 at the group’s AGM yesterday (see Revenues… Continue reading Sharewatch