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Havas has announced a further expansion of its UK operations with the acquisition of one of the country’s leading independent media agencies, BLM, for a reported £20 million. Havas said that the acquisition forms part of its strategy to consolidate growth in core mature markets and build on the success of its UK brands, which… Continue reading Havas Acquires BLM For £20m

BSkyB is to be given more time by the Competition Commission to appeal against a government decision on whether it has to dispose of its 17.9% stake in ITV. The ruling will be published by the Department for Business and Enterprise on January 29. In December, the Competition Commission recommended that Sky reduce its stake… Continue reading Sky Given More Time To Appeal Against ITV Share Sale

Ofcom has appointed Anna Bradley as chairman of its independent Consumer Panel. The Panel advises Ofcom on the consumer interest in telecommunications, broadcasting and spectrum markets.Bradley was consumer affairs director of the Financial Services Authority (2002-5) having been chief executive of the National Consumer Council (1999-2002).Bradley is currently non-executive chairman of the Soil Association’s Organic… Continue reading Ofcom Appoints Bradley To Chair Consumer Panel

Denis O’Brien has increased his stake in Independent News & Media, the owner of the Independent and Independent On Sunday in the UK, to 16.4%. Earlier this week, Independent News & Media announced that O’Brien had already increased his stake in the company from 14.5$ to 15.4% at the end of 2007. With his 16.4%… Continue reading O’Brien Increases Stake In Independent News & Media

GCap Media has seen its shares rise another 23%, with rumours flying that Charles Allen’s Global Radio could make another bid for the company. At one point today, Gcap’s share price hit 215.75p, before later slipping back to 208p. Yesterday GCap announced that it had rejected a £310 million takeover bid from Global Radio, which… Continue reading Speculation Sees GCap Share Price Rise

GCap Media, owner of Capital Radio and Classic FM, has rejected a £310 million takeover bid from Global Radio. According to a statement released by GCap, Global Radio’s proposed offer was at a price of 190p per share. However, GCap said that it rejected the offer as “the board believed that it significantly undervalued the… Continue reading GCap Turns Down Takeover Bid From Global Radio

Aegis has acquired the full-service digital marketing and design agency White Sheep, which is based in Finland. Founded in 2003 and with gross assets of €0.7 million, White Sheep’s specialist services include online marketing strategy , digital media, web development and creative production. White Sheep will be rebranded as Suddenly Helsinki, becoming part of Isobar’s… Continue reading Aegis Acquires Digital Marketing Agency

GCap Media, owner of Capital Radio and Classic FM, has rejected a takeover bid from Global Radio, thought to be worth about £310 million.In a statement released today, GCap said that Global Radio had made an offer of 190p per share.However, the group added that the board had rejected the offer as it “believed that… Continue reading GCap Turns Down Global Radio Takeover Bid

Nearly $28 billion was spent online in the US during the Christmas period, a year on year rise of 19%, according to the latest figures from ComScore. ComScore said that between November 1 and December 27, shoppers generated record online sales that were up from $23.5 million (£11.75 million) in 2006. “Even as the holiday… Continue reading $28bn Spent Online In US Festive Season

Emap has sold its B-2-B magazine and exhibitions business to a joint venture between Guardian Media Group (GMG) and private equity firm Apax Partners.The £1 billion ($1.98 billion) sale comes soon after the £1.14 billion deal for its consumer magazine and radio assets to Bauer in December 2007 (see H Bauer Buys Emap’s Magazine And… Continue reading Emap Sells B-2-B to GMG