More Media Business articles

GCap Media’s plans to sell off Digital One, its DAB digital radio multiplex, have reportedly been put on hold as it continues talks with Global Radio about a possible acquisition. Last week, GCap resumed talks with Global Radio after Global made a third and “final” offer for GCap Media, valuing the Capital Radio and Classic… Continue reading GCap Puts Plans To Sell Digital One On Hold

The European Commission has given Google unconditional approval to go ahead with its £1.55 billion takeover of online advertising network DoubleClick. Following an investigation which began last November (see ITV Welcomes Ofcom’s Public Service Proposals), the commission found that the merger would be unlikely to have harmful effects on consumers. Third parties such as Microsoft… Continue reading Google Gets EU Approval For DoubleClick Takeover

Regional media business Archant has announced a 3.4% increase in operating profits to £30.5 million for the full year 2007. In a preliminary statement to shareholders, chairman Richard Jewson identified strengthening advertising revenues, continued progress in the magazines business, and tight cost control as contributors to increase in operating profits, despite the sale of its… Continue reading Archant Announces 3.4% Operating Profits Increase

A consortium of four private equity groups is preparing a bid for Virgin Media worth between $6 billion and $7 billion, according to a weekend report. A report in the Observer said that a private document titled ‘Project Coaxial’ shows that Blackstone, Cinven, KKR and Providence are prepared to approach Virgin Media. The consortium is… Continue reading Private Equity Consortium Prepares Virgin Media Bid

Neil Berkett has been appointed chief executive officer of Virgin Media while chief financial officer, Jacques Kerrest, is resigning from his post. Burkett, who has been acting chief executive officer since the resignation of Steve Burch in August 2007 (see Steve Burch Steps Down As Virgin Media CEO), will also be joining the board of… Continue reading Virgin Media Appoints Chief Executive

Virgin Media has appointed Neil Berkett to the role of chief executive officer and announced the resignation of its chief financial officer, Jacques Kerrest.Burkett, who been acting chief executive officer since the resignation of Steve Burch in August 2007 (see Virgin Media CEO Steps Down), will also be joining the board of directors.Kerrest, who joined… Continue reading Virgin Media Appoints Chief Executive

Five’s revenues reached €499 billion (£383 million) in 2007, a year on year rise of 7.1%. Five parent company RTL said that the channel’s earnings before interest, tax and amortisation were £10 million (£7.69 million). Five group’s share of the net advertising market increased from 8.8% in 2006 to 9.3% in 2007, fuelled by sales… Continue reading Five Revenues Reach €383m

Johnston Press saw a 6.3% fall in profits in 2007, with print advertising falling 2.1% year on year to £401.5 million. The regional newspaper publisher said that while it expects strong digital growth in 2008, a “general lack of confidence” in the advertising markets will be a major influence in 2008. Motoring ads saw the… Continue reading Johnston Press Profits Fall

ITV’s 2007 results show that the broadcaster’s revenues from premium rate services were down by £58 million, following the phone-in scandals that rocked television. In its full year statement released today, ITV said that its total revenues in 2007 were £2.08 billion, a year on year fall of 5%. The broadcaster’s profits were £188 million,… Continue reading ITV Reveals Premium Rate Revenues Fall

Global Radio has made a third and “final” offer for GCap Media, valuing the Capital Radio and Classic FM owner at £370 million.The offer, at 225p a share in cash, is conditional on the recommendation of the board. The offer is around 20% higher than Global’s original offer in December of £313 million.GCap has now… Continue reading Global Radio Makes ‘Final’ £370m Offer For GCap