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GCap Media has announced that it expects like for like revenue growth to be up 7% in January, with radio advertising also up 7%. In a trading statement released today, GCap said that this “represents an encouraging start to the quarter as the comparable period to 31 March 2007 was the year’s strongest in terms… Continue reading GCap Expects 7% Revenue Growth

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

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

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

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

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%

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