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The Competition Commission has provisionally found that BSkyB’s acquisition by of a 17.9% share in ITV “restricts competition and therefore operates against the public interest”. The ruling could see Sky forced to sell its stake in the broadcaster at a substantial loss. Sky bought the stake for £940 million in November 2006. Peter Freeman, chairman… Continue reading Sky Could Be Forced To Sell ITV Stake

Trinity Mirror has announced that it will not be selling its regional news titles in the Midlands and South East, adding that it has agreed the sale of the Racing Post for £170 million. Trinity Mirror said that it had failed to secure high enough offers for its regional titles. In a statement released today,… Continue reading Trinity Mirror Abandons Regional Paper Sell-Off

Future has sold its French operations to WM7 for €18 million, as it continues its strategy of only investing in English language content. Of the €18 million, €13.2 million is payable in cash and up to €4.8 million is payable in 2010 dependent on the achievement of certain revenue targets by Future France. The group… Continue reading Future Sells French Business

The latest report from EUROFRAME – European Forecasting Network reveals that the economic upturn in the Euro area lost some momentum in the first half of 2007. Quarterly real GDP growth in the Euro Area slowed to 0.3% in the second quarter of 2007, down from a stronger than expected 0.5% in the first quarter.… Continue reading European Economic Upturn Loses Some Momentum

SMG is understood to have postponed plans to float Virgin Radio this autumn, adding that there is significant interest in the business. The group has also appointed Richard Huntingford as executive chairman of Virgin Radio. SMG revealed plans to float the radio business in April (see SMG To Float Virgin Radio), however, this has been… Continue reading SMG Postpones Virgin Radio Floatation

Daily Mail and General Trust (DMGT) has announced an 8% year-on-year rise in total advertising revenues, with the group’s print ad revenues increasing by 2% in the 11 months to August. Associated Newspapers’ circulation revenues for the eleven months to August 2007 were 1.5% above the same period last year, whilst its advertising revenues in… Continue reading DMGT Announces 8% Rise In Ad Revenues

Emap has said that its continuing group revenue, adjusted for disposals and closures, is expected to be up 1% in total and down 1% on an underlying basis in the first half of 2007. It expects B2B to deliver good revenue growth, up 5% in total and on an underlying basis. There has been good… Continue reading Emap Revenue Up For First Half Of Year

GCap Media has announced a trading update for the six months ending 30 September 2007, ahead of interim Results due to be released on 23 November 2007. GCap said that in the last three months its radio advertising revenue has performed in line with the market. Like for like total revenue growth in the second… Continue reading GCap Media Announces Trading Update

Havas has reported growth of 16.9% in income for the first half of 2007, saying that income from operations was up 16.9% to €75 million and showed a significant increase on the first half 2006. Operating income was also €75 million, an increase of 34.4% compared to first half 2006, whilst net income was up… Continue reading Havas Reports First Half Income Growth

Aegis Group has acquired Metra Seis, Spain’s largest independent full-service market research agency. The gross assets of Metra Seis are valued at €3.4 million. Metra Seis will eventually be integrated with Synovate’s existing Spanish business to create scale advantages and a broader client offer in a top 10 market for market research. Metra Seis was… Continue reading Aegis Buys Spanish Market Research Firm