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The takeover watchdog has given Global Radio five weeks to decide whether to make a second bid for GCap Media. The Takeover Panel has given Global until 5pm on March 5 to indicate a firm intention to make a bid for GCap or it will have to wait another six months. The panel said that… Continue reading Global Radio Gets Five Week Deadline For New GCap Bid

Yahoo!’s profits fell 23% to $206 million in the fourth quarter, down from $269 million a year earlier. Its full year profits were $660 million, down from $751 million in 2006, while its revenues were $7.0 billion, up 8% year on year. Jerry Yang, co-founder and chief executive officer of Yahoo!, warned of tough times… Continue reading Yahoo!’s Profits Fall

JCDecaux has reported revenues of €2,106.6 million (£1,567.11 million), an increase of 8.2% compared with 2006. High-single or double-digit organic revenue growth was reported in all geographic areas for the year with the exception of France. However, France still showed however a good improvement from the third quarter and achieved overall a satisfactory yearly performance,… Continue reading JCDecaux Revenues Reach €2.1m

Media planning and buying company Aegis is reportedly in talks to buy a stake in digital media company i-Level. Last year, i-Level appointed corporate finance advisers at Ingenious Media to advise on a strategic review, which could lead to a sale for around £70 million. According to sources quoted in yesterday’s Daily Telegraph, Aegis has… Continue reading Aegis Could Buy Stake In i-Level

Aegis is reportedly in talks to buy a stake in digital media company i-Level.Last October, i-Level appointed corporate finance advisers at Ingenious Media to advise on a strategic review, which could lead to a sale for around £70 million.According to sources quoted by the Daily Telegraph, Aegis has made it through to the second round… Continue reading Aegis Could Buy i-Level Stake

The government has ruled that BSkyB must reduce its stake in ITV from 17.9% to below 7.5%. Business secretary John Hutton followed the Competition Commission’s recommendation to reduce the stake, which now leaves Sky until Monday 25 February to lodge an appeal against the decision (see Sky Given More Time To Appeal Against ITV Share… Continue reading Sky Told To Reduce ITV Stake To Below 7.5%

The government has told BSkyB that it must reduce its stake in ITV from 17.9% to under 7.5%.Business secretary John Hutton accepted the Competition Commission’s recommendation to reduce the stake (see Competition Commission Recommends Sky Sell Down ITV Stake)The ruling gives Sky until Monday 25 February to lodge an appeal against the decision.The satellite broadcaster… Continue reading Sky Told To Reduce ITV Stake To Below 7.5%

The music and download company behind Bebo and Last.fm’s music services, 7digital, has secured funding of £4.25 million.The digital media delivery company, based in the UK, has received backing from investors Sutton Place Managers and Balderton Capital.It is understood that 7digital will spend the money on expanding beyond the UK, possibly into the US and… Continue reading 7digital Secures £4.25m Funding

Secretary of state for business John Hutton is expected to announce tomorrow that Sky should sell at least some of its 17.9% stake in ITV. However, it has been reported that Sky, which bought the stake for £940 million (see ITV Share Price Falls After BSkyB Acquires Stake), is preparing to appeal against the expected… Continue reading Sky Prepares For ITV Ruling

John Hutton, the secretary of state for business, is expected to announce tomorrow that Sky should sell some of its 17.9% stake in ITV.Since Sky bought the shares in November 2006, ITV’s share price has almost halved, meaning the satellite broadcaster could be facing a loss of around £250 million.Reports at the weekend said that… Continue reading Sky Prepares For ITV Ruling