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Ofcom has started advertising a new local Digital Audio Broadcasting (DAB) radio multiplex licence to cover Mid and West Wales.The new Welsh service is one of a number of new local radio multiplex licences planned to develop DAB coverage for local services in those parts of the country not already served.Ofcom estimates that the Welsh… Continue reading Ofcom Advertises For Welsh DAB Licence

More than $10.7 billion has been spent online during the US holiday season-to-date, a year on year increase of 17%, according to the latest figures from comScore. Cyber Monday – the first significant spike in US holiday spending – saw $733 million spent online, a 21% year on year increase and an 84% jump from… Continue reading More Than $10.7bn Spent Online In US This Holiday Season

Future has announced full year pre-tax profits of £9.2m, compared with a £36.7m loss in 2006. The group’s operating profit was £12.1m compared with a £34m loss last year, whilst to the year ending September 30 2007, the company generated revenues of £165.7m, down 11.9%. UK advertising revenues were up 1% to £33.8m and US… Continue reading Future Reports £9.2m Profit

Retail companies are moving advertising spend from other media to cinema advertising, according to the Cinema Advertising Association.Cinema advertising revenues from the retail sector in January-September are up 80% year on year*, says the CAA, with total cinema advertising spend for all retail companies during the period standing at over £2.5 million.According to the organisation,… Continue reading Retail Companies Moving Ad Spend To Cinema

The Daily Mail & General Trust has announced an 11% year on year upturn in pre-tax profits to a record £288 million. The publisher attributed its performance in part to strong growth in its B2B operations, which include DMGI Information and Risk Management Solutions. Operating profit before exceptionals and amortisation climbed to £322 million for… Continue reading DMGT Reports Record Pre-Tax Profits

Chrysalis Group has reported pre-tax losses of £6 million for the year ending August 31, while group revenue has fallen £11.5 million year on year to £56.4 million. The group, which has been linked to a sell-off following the £170 million sale of its radio assets in June to Global Radio (see Charles Allen Heads… Continue reading Chrysalis Reports Pre-Tax Losses Of £6 Million

Emap Radio could be sold off bit by bit, with some radio brands sold to the buyers of accompanying magazine or television brands to speed up the sale process, according to City analysts. The radio division is known to have attracted significant interest from Global Radio and GCap, but competition issues that would arise from… Continue reading Emap Radio Could Be Sold Off Bit By Bit

Facebook has reportedly offered £41 million to buy Chinese social networking site Zhanzuo.com. The Chinese website is one of the largest social networks in China, with an estimated seven million users, many of whom are college students. The move would give Facebook a ready-made entry into the largest internet market outside the US, and would… Continue reading Facebook Looks At Entering Chinese Market

Minority shareholder in Independent News & Media, Denis O’Brien, has renewed his call for the company to sell The Independent newspaper and has demanded the resignation of Sir Anthony O’Reilly as chief executive. O’Brien, an 11% shareholder in the company, first called for the sale of the company’s loss-making title, along with a host of… Continue reading O’Brien Calls For The Sale Of The Independent

Emap has sold its two main pension schemes to insurance company Paternoster, in a deal that removes an important obstacle for the break up of the media giant’s business assets. The deal transfers all financial risks and liabilities to Paternoster and makes Emap’s plans for a sell-off of its consumer magazines, radio and professional publishing… Continue reading Emap Pension Scheme Sale Removes Obstacle For Break Up