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The Local Radio Company has sold Arrow FM in Hastings and Sovereign Radio in Eastbourne. The stations, which have combined net liabilities of £1.7 million and £100,000, sold the stations to radio company Media Sound Holdings. Arrow FM has an audience of 21,000 listeners according to the RAJAR figures for Q1 2009. In the eight… Continue reading The Local Radio Company sells Hastings and Eastbourne stations

Microsoft has reportedly put digital agency Razorfish up for sale, with French marketing firm Publicis favourite to buy it. Razorfish was acquired by Microsoft when it bought parent company aQuantive for $6 billion in 2007. A report in the Financial Times quotes an unnamed analyst as valuing Razorfish at $600-700 million based on sales of… Continue reading Microsoft to sell digital agency Razorfish

Microsoft Advertising, ComScore, Google, News Corporation and Orange have become new members of the IAB Europe board.ComScore’s managing director Mike Reid and News Corporation’s vice-president of government policy David Fares will join as corporate members of the trade association, according to reports.The number of corporate members on the board will also increase to eight with… Continue reading IAB Europe appoints new board members

Deloitte has been appointed as administrator of Setanta after it failed in its bid to secure funding.The Irish broadcaster has entered administration after missing deadlines to pay the Scottish and English Premier Leagues (see Broadcasters to bid for Setanta football rights).Deloitte said that Setanta will cease broadcasting in Great Britain but Setanta Ireland and Setanta… Continue reading Setanta enters administration

BSkyB is favourite to acquire the rights to broadcast Scottish Premier League football matches after Setanta failed to meet a payment deadline.Lex Gold, SPL executive chairman, said yesterday: “Setanta missed the deadline for the £3 million we set for them. We set three deadlines and we wanted to work with Setanta who have been a… Continue reading BSkyB favourite to get SPL rights

Disney owned sports network ESPN has won the rights to show 46 live Premier League football matches next season, in a deal thought to be worth £90 million.The two packages, which Irish broadcaster Setanta lost after missing a payment deadline last Friday (see Broadcasters to bid for Setanta football rights), are for Saturday teatime and… Continue reading ESPN wins rights to 46 Premier League matches

Setanta has lost the rights to show 46 live Premier League football matches, with rival broadcasters given a deadline of today to lodge bids for the games.Setanta was unable to meet the Friday deadline for a £10 million payment to the Premier League, which was part of £30 million it owed the organisation (see Premier… Continue reading Broadcasters to bid for Setanta football rights

The Economist Group has recorded a 26% increase in operating profit to £56 million in the year ending March 31 2009. The group also recorded a 17% increase in revenue, to £ 313 million. Ad revenues in Continental Europe and Middle East and Africa were very strong, it said, with MEA increasing 39%. UK revenues… Continue reading Economist Group records 26% increase in operating profit

Independent News & Media is considering a “deeply discounted” rights issue in order to repay some of its €200 million (£169 million) bond. The owner of the Independent, Independent on Sunday and Belfast Telegraph, said that it will extend the Friday deadline its €200 million bond until 24 July. In a statement to the Irish… Continue reading INM considering “deeply discounted” rights issue

Top Up TV founder David Chance could be appointed to the Setanta board following the departure of Irish financier Barry Maloney earlier this week.The appointment would come as part of American businessman Len Blavatnik’s £20 million rescue deal for the beleaguered broadcaster.Blavatnik, whose Access Industries currently holds a majority stake in Top Up TV and… Continue reading Setanta could appoint Top Up TV founder to the board