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Tony Ball, ex-chief executive of BSkyB and frontrunner for the ITV chief exec job, has indicated that he would bring in new board members if appointed.Ball would bring in new non-executive directors to replace people such as Sir James Crosby and Sir Adrian Russell, according to a report in the Observer.Mike Clasper, appointed to the… Continue reading Frontrunner for ITV chief exec job to shakeup board

Communications minister Lord Carter is expected to leave his job after the publication of the Digital Britain report next week.According to reports, Carter will leave the government by the end of the month to return to the private sector.In an interview with the Times he refused to confirm if he would still be a minister… Continue reading Lord Carter expected to step down

Russian oligarch Alexander Lebedev may have to pay up to £20 million to acquire the Independent and Independent on Sunday newspapers.According to a report published today by Citigroup, the titles, which lost £13 million last year, could be worth as much as £20m.It said that while the papers are arguably “core” to the INM brand,… Continue reading Lebedev may have to pay £20m for Independent titles

Alexander Lebedev, Russian oligarch owner of the London Evening Standard is understood to be in talks to acquire the Independent and Independent on Sunday.Senior executives from Independent News & Media (IN&M) have been in discussions with Lebedev’s representatives over a possible sale, with one source claiming that a nominal offer for both titles has already… Continue reading Evening Standard owner in talks to buy Independent titles

Express Newspapers made an operating loss of £2.6 million in 2008, with a £17.1 million increase in printing costs adversely affecting profitability. According to accounts filed at Companies House, Express Newspapers suffered a 91% drop in pre-tax profit, down from £54.9 million in 2007 to £4.8 million in 2008. It said that the fall was… Continue reading Express Newspapers makes £2.6m operating loss in 2008

BSkyB chief executive Jeremy Darroch has said that although the satellite broadcaster has been in talks with beleaguered rival Setanta, it is not its job “to fund other companies”.BSkyB has been in talks with the Irish broadcaster over a deal for the its 46 live 2010-2011 Premier League games. Setanta wants extra funding to avoid… Continue reading BSkyB chief: “not our job to fund other companies”

On a like-for-like basis, WPP’s global revenues fell 6.7% in the first four months of the year, the company revealed at its AGM in Dublin yesterday.In a trading update delivered by chairman Philip Lader, WPP said that although “economic pressure” is spreading to the UK, the group’s advertising and media investment management businesses had been… Continue reading WPP reveals fall in global revenues

WPP’s global revenues on a like-for-like basis were down 6.7% in the first four months of the year. In a trading update delivered by chairman Philip Lader at the company’s AGM yesterday, WPP said that although “economic pressure” is spreading to the UK, the group’s advertising and media investment management businesses had been “least affected… Continue reading WPP reports fall in revenue

The Chartered Institute of Marketing’s latest Marketing Trends Survey reveals that many marketers believe the worst of the recession is over, although the rest of 2009 will remain extremely challenging. The survey, conducted by Ipsos MORI, reveals that the number of marketers who believe the UK economy will worsen in the next 12 months has… Continue reading Many marketers believe worst of recession is over

It is understood that some ITV shareholders are concerned about the potential costs to hiring former Sky chief executive Tony Ball as its next chief executive. Ball reportedly favours a rights issue and financial restructuring of ITV and is thought to have won support from a small number of ITV shareholders. However, there are concerns… Continue reading ITV shareholders concerned about potential costs of hiring Ball