BSkyB is preparing to write off as much as £250m of a £301m investment in new media company Sports Internet Group, according to reports. Confirmation of the loss is expected to be revealed when financial results for BSkyB are released next month.Sky made the investment in the firm, which runs official websites for a number… Continue reading BSkyB Set To Write Off Millions In Internet Losses
IPC has announced key appointments in its Music & Sports division. Keith Kendrick is to take on the mantle of editor of flagship lads mag Loaded, the job made famous by its first incumbent, James Brown, who has since gone onto form his own company (see Ex-Loaded Editor Plans To Float New Venture).Since his departure,… Continue reading IPC Music & Sport Announce Appointment And Promotion
Havas Advertising is to acquire the 55% of the Media Planning Group (MPG) it does not yet own, it was announced yesterday. MPG is the leading media buying agency in Spain, Portugal, Mexico, Argentina and Colombia. It is ranked 2nd in France, 12-13th in the US and in the top ten in the UK and… Continue reading Havas Acquires Remaining Shares In The Media Planning Group
Cable & Wireless yesterday sold 8 million of its shares in NTL for £813m. The buyer was Goldman Sachs, which has placed the entire block to institutional investors- the offer was over-subscribed. The sale took place with NTL’s knowledge, and C&W continues to work with NTL in order to address the balance of its remaining… Continue reading Cable & Wireless Disposes Of 8 Million NTL Shares For £183 Million
One of the best media performers yesterday was Emap. Despite a cut in price target from a leading broker, heavy trading saw shares end up 22p at £7.60.It was also a good day for Capital Radio, which received confirmation from the Radio Authority that its MXR consortium has won the digital radio multiplex for the… Continue reading Sharewatch
BSkyB is preparing to write off as much as £250m of a £301m investment in new media company Sports Internet Group, according to reports. Confirmation of the loss is expected to be revealed when financial results for BSkyB are released next month. Sky made the investment in the firm, which runs official websites for a… Continue reading BSkyB Set To Write Off Millions In Internet Losses
New figures from IDC predict that the esecurity services market, which topeed 1.5 billion in 2000 will exceed $4 billion dollars in Western Europe by 2004. This makes it one of the fastest-growing segments in the European IT services market surpassing current market leaders. “The race to properly secure Europe’s ebusiness networks will be a… Continue reading Europe’s eSecurity Services Market To Reach $4 Billion By 2004
The managing director of the Mail on Sunday, Mike Ironside, is to replace Len Sanderson, managing director of sales at the Telegraph group, as an advertising industry member of the ASA Council.The appointment was made by Lord Rodgers, the outgoing ASA chairman, in consultation with the new incumbent Lord Borrie, who said, “We are fortunate… Continue reading ASA Appoints Mail On Sunday MD As Industry Member Of Council
ITV and BBC1 will go head to head with their evening news bulletins for the first time tonight, as ITV, under orders from the ITC (see News At Ten To Return To ITV) returns its nightly news to its original 10pm slot, where it will find its old home more crowded than before, after the… Continue reading ITV And BBC1 Go Head To Head With Evening News
Capital Radio’s rock music station Xfm is to collaborate with MTV2 and Future Publishing title Metal Hammer to produce a weekly rock TV show. Xfm Metal Hammer RiOT will launch on MTV2 on 1 February in a 10pm slot. The hour-long show will also be broadcast by Xfm after its own rock slot at 1am… Continue reading Xfm Teams With MTV2 And Future For TV Rock Show
