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Last week in the City, Gcap Media turned down a revised takeover bid from Global Radio, which valued the company at £333 million.GCap said that the revised proposal “significantly undervalues the company because it does not reflect the value that would be created by implementing the strategy of the new chief executive, Fru Hazlitt” (Full… Continue reading Media In The City: GCap Turns Down Revised Global Radio Bid

Global Radio could be ready to walk away from a takeover of GCap, following the rejection last week of its improved £333 million offer. According to a report on the Guardian, Global does not want to overpay for GCap and is waiting to see whether new chief executive Fru Hazlitt’s recently announced measures to boost… Continue reading Global Radio Could Walk Away From Possible GCap Takeover

Pearson, owner of the Penguin publishing group and the Financial Times, has reported revenues of £4.22 billion for 2007, up 6%. The company, which also owns a US education business, saw operating profits rise 14% on an underlying basis to £632 million. Marjorie Scardino, chief executive, said: “We continue to reshape Pearson into a more… Continue reading Pearson Reports 6% Revenue Increase

GCap Media has rejected a revised takeover bid from Global Radio which values the company at £333 million.Global offered 202p a share, a 6% increase on the 190p per share bid it made in December, and ahead of the Takeover Panel’s March 5 deadline for bids to be tabled (see Media In The City: Microsoft… Continue reading GCap Turns Down Revised Global Radio Takeover Bid

WPP has reported 2007 like-for-like revenue growth in line with forecasts, with the company saying that despite predictions of a slowing economy in 2008, this year should be even better.The full year results, to December 31 2007, show a 5% year-on-year increase in revenue to £6.18 billion and an adjusted pre-tax profit increase of around… Continue reading WPP Predicts Strong 2008

WPP’s full year 2007 results show like-for-like revenue growth in line with forecasts, adding that 2008 should be better. The full year results, to December 31, show a 5% year-on-year increase in revenue to £6.18 billion and an adjusted pre-tax profit increase of around 7% to £817 million. 2007 also saw WPP increase its “broadly-defined… Continue reading WPP Confident About Year Ahead

GCap Media has rejected a revised takeover bid from Global Radio valuing the company at £333 million. Global offered 202p a share, a 6% increase on the 190p per share bid it made in December. The renewed bid comes ahead of the 5 March deadline given by the Takeover Panel in January (see Global Radio… Continue reading GCap Turns Down Revised Global Radio Takeover Bid

Video search engine Blinkx has announced a partnership with Publicis subsidiary Denuo, which will look at ways of improving online video advertising, and content partnerships with BBC iPlayer, CBS and the Weather Channel.The partnership with Denuo will see collaboration on projects aimed at understanding how online video advertising can become more effective and better targeted… Continue reading Blinkx Announces Key Partnerships

Radio-specific ownership rules create unnecessary barriers to industry consolidation, commercial radio representatives told peers at the House of Lords yesterday.The appearance was part of the House of Lords Select Committee on Communications’ ongoing inquiry into Media Ownership and the News.RadioCentre chief executive Andrew Harrison was joined on the panel by Mark Story, managing director of… Continue reading Commercial Radio Calls For End To Outdated Ownership Rules

Virgin Media has announced that its fourth quarter earnings before interest, tax, depreciation and amortization, increased by 2.6% to £321 million from £313 million. The cable company also revealed that its revenue fell by 2.9% to £1.05 billion from £1.08 billion year-on-year. However, it added 24,000 net cable customers in Q4 2007, while churn dropped… Continue reading Virgin Media Q4 Earnings Increase