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Bertelsmann, owner of book publisher Random House, has approached its subsidiary RTL about buying the remaining 10% of shares it does not own. Bertelsmann has been gradually increasing its stake in RTL, owner of Five and one of the largest producers of TV outside of the US through its subsidiary Fremantle Media. In a statement,… Continue reading Bertelsmann Makes Approach For Remaining RTL Shares

The private equity firm Apax is understood to be favourite to buy Emap’s business-to-business publishing business as bidding moves to the second round. Guardian Media Group is involved with the Apax bid, with the second round also seeing bids from private equity houses Cinven and Candover, joint owners of German publishing group Springer. According to… Continue reading Apax Now Emap Favourite

The UK online retail sector attracted 29 million unique visitors in October 2007, which amounts to 89% of the country’s total online user base in that month, according to the latest figures from comScore. The most popular online property was eBay, which attracted 22.2 million unique visitors or 68% of the UK’s total internet audience.… Continue reading UK Online Retail Sector Attracts 29 Million Unique Users In October

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

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

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

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

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

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