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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%

More than 85% of the world’s online population has used the internet to make a purchase – increasing the market for online shopping by 40% in the past two years – according to the latest Nielsen Global Online Survey. Among internet users, the highest percentage shopping online is found in South Korea, where 99% of… Continue reading Global Market For Online Shopping Increases 40%

As the gloomy economic outlook leads to a cut in advertisers’ TV budgets, ITV and Channel 4 could see a combined year on year decline in ad revenue of around £12 million from their flagship networks in the first quarter of the year, according to report on MediaGuardian.co.uk.The biggest declines are forecast to be felt… Continue reading ITV and Channel 4 Could See Q1 08 Ad Revenue Decline Of £12m

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

Last week saw Emap shareholders approve the sale of the group’s consumer magazine and radio operation to H Bauer for £1.14 billion.Friday’s general meeting saw separate votes held on the consumer magazine and radio deals, with 97.75% of the votes cast in each case in favour of agreeing the terms of sale (Full Story).Pearson, publisher… Continue reading Media In The City: Emap Shareholders Approve Bauer Sale

Emap shareholders have approved the sale of the group’s consumer magazine and radio operation to H Bauer for £1.14 billion. Today’s general meeting saw separate votes held on the consumer magazine and radio deals, with 97.75% of the votes cast in each case in favour of agreeing the terms of sale. Shareholders have yet to… Continue reading Emap Shareholders Approve Bauer Deal

Magazines are experiencing unprecedented global growth, with record levels of copy sales and advertising revenues in developing countries and a stable outlook in more established markets, according to the new International Federation of the Periodical Press (FIPP) World Magazine Trends 2007/2008 report.The report examines the magazine and advertising markets from 54 countries, with detailed information… Continue reading Magazines Experiencing Global Growth

Reports in the trade press have linked UTV with a potential bid for Virgin Radio, owned by Scottish Media Group (SMG). Earlier this week SMG announced that it had received renewed interest in Virgin Radio, thought to include GMG Radio, Global Radio and Vitruvian, the private equity firm which last year bid for Emap’s radio… Continue reading UTV Could Bid For Virgin Radio

Pearson, publisher of the Financial Times, has revealed that it expects record profits for 2007, with good sales growth and margin improvement in its businesses. In its largest business, education, Pearson said that it continued to perform very well competitively and will report its strongest year ever. Pearson said that the FT Group grew strongly… Continue reading Pearson Expects Record 2007 Profits