Shares in WPP rose by 12p yesterday to a record high of 674˝p. The advertising and marketing group reported a revenue growth of almost 12% in its quarterly trade report (see WPP Reports Revenue Growth).Other companies in the advertising sector reaped the rewards of its success. Saatchi & Saatchi rose 12˝p to 233p.Emap, however, sustained… Continue reading Sharewatch
Turner Broadcasting is launching a radio service based on its Cartoon Network channel for kids. Toon FM will see the channel’s most famous characters, including Johnny Bravo, Cow and Chicken and I Am Weasel make the transition to radio during the half-term break.Broadcasting across central London and the north-west under the terms of a restricted… Continue reading Cartoon Network Launches Radio Show
British Sky Broadcasting has announced a deal to carry radio broadcasts on Sky Digital. It will be the first digital television platform to carry radio services when it launches twenty stations on November 15.The BBC will broadcast its five national services as well as the World Service. Virgin Radio, Talk Radio and Classic FM will… Continue reading Sky Digital Gets Radio Service
A quarterly trade report released by WPP reports a revenue growth of almost 12% in constant currencies. UK and European interests for the worldwide advertising and marketing group were both up by 12% while revenues in North America rose by 14%.Branding and identity saw most growth during this period. Acquisitions such as The Brand Union… Continue reading WPP Reports Revenue Growth
Rugby legend Gareth Edwards and television weather presenter Sian Lloyd have joined the board of The Radio Corporation which is bidding to run the new regional radio service for the South Wales area.Gareth Edwards will chair the consortium which is spearheading an application from The Rox-Wales 105, a new service which claims to be in… Continue reading Local Personalities Join Bid For South Wales Licence
Reuters continued to make losses after the information group announced declining revenue growth last week (see Sharewatch). Prices closed down a further 27˝p to 532˝p.BSkyB’s stock rose by almost 5%. The broadcaster reached an agreement with ONdigital on Friday to allow its digital rival to begin broadcasting Sky Sports 2 on its platform from next… Continue reading Sharewatch
Guardian Unlimited has appointed Simon Waldman as its new head, following the news that Justin Walters is to leave the company to start his own internet venture.Waldman, who is currently editor of the Guardian websites, will take on responsibility for the commercial, editorial and marketing areas of the network when Walters resigns at the end… Continue reading Guardian Unlimited Appoints New Head
Carlton Communications became the first broadcaster to move into the classified advertising market today with the acquisition of a 20% stake in online recruitment company PeopleBank. The £2.5 million deal will provide cash for expansion of the successful online exchange and allow for its promotion through Carlton’s TV services.Commenting on the deal Steven Cain, CEO… Continue reading Carlton Enters Classified Ads Market
After a month of speculation (see Independent Radio Group In Bid Rumours), Talk Radio has confirmed it is to acquire Independent Radio Group, the local radio operator which owns regional stations including Scot FM. The Wireless Group, which owns Talk, has agreed to buy the business for £21.4 million.The acquisition will make The Wireless Group… Continue reading Talk Radio Buys IRG
A ruling by the Independent Television Commission (ITC) yesterday will force BSkyB to share its sports channel, Sky Sports 2, with ONdigital. The news will end months of wrangling between the digital rivals over sports rights (see Digital TV Wrangles Continue Over Sky Sports 2).The ruling comes from the results of a review of the… Continue reading ITC Ruling Forces BSkyB To Share Sky Sports 2
