More Media Business articles

Virgin Media has extended its deadline for receiving formal takeover proposals following a recommendation from its financial advisers “to enhance shareholder value”. Virgin Media said in a statement that it had “extend the process until these parties can complete their proposals in a more stable debt market environment”. It added: “As a consequence of this… Continue reading Virgin Media Extends Bid Deadline

Archant, the regional newspaper group, has announced that its overall revenue in the 26 weeks to the end of June was up 2.1% at £98.5 million (2006: £96.4 million). The group reported a 64.6% rise in pre-tax profits, owing in part to a £3.8 million profit it made in April when it sold its Scottish… Continue reading Archant Revenue Up 2.1%

Radio company UBC Media has recorded a 19.8% year on year increase in revenues for the first quarter to the end of June. UBC said that a 30% year on year increase in revenues from radio advertising as underlying its strong performance. Chairman John Hodson said that UBC had made an “encouraging start to the… Continue reading UBC Media Records 19.8% Revenue Increase

US online consumer spending was up 23% year on year in the second quarter of 2007, according to new figures from comScore. The biggest gains were enjoyed by sales of consoles and video games, up by 159% year on year, with sports and fitness (58%), consumer electronics (51%) and event tickets (44%) also experiencing year… Continue reading US Online Consumer Spending Increases

Trinity Mirror has announced that its operating profit for the 26 weeks ending July 1 increased by 5.9%, reflecting the benefit of a more stable advertising environment and tight cost management. Revenue was broadly flat for the period, reflecting improving market conditions, with underlying digital revenues growing by 23.7%. However, the group said that expectations… Continue reading Trinity Mirror Operating Profit Up

Dow Jones has agreed to a takeover by News Corporation in a deal worth approximately $5.6 billion (£2.8 billion). About 37% of the Bancroft family, who control 64% of Dow Jones voting stock, agreed to the News Corp offer of $60 per share. Murdoch, chairman and CEO of News Corp, said: “I am deeply gratified… Continue reading Dow Jones Agrees Sale

Guardian Media Group (GMG) has published its annual report, showing that its turnover from continuing operations increased to £716.1 million for the financial year ending April 1 2007, up from £700.3 million the previous year. GMG, which owns the Guardian, Observer and Manchester Evening News and the Smooth Radio network, added that Profit before taxation… Continue reading GMG Reports Profits Increase

Trinity Mirror is to sell 27 regional newspapers and nine niche titles in London and the south-east for £18.75 million. The titles, including the South London Press, North London and Herts Newspapers and the Yellow Advertiser, will be sold to Tindle Newspapers. Last month, Trinity Mirror sold 25 weekly regional newspapers to Daily Mail and… Continue reading Trinity Mirror Sells 27 South-East Titles

BSkyB has bought Amstrad in a deal worth £125 million – 150 pence in cash per share – which should see Sir Alan Sugar collect £34.5 million. Sky said that the acquisition of Amstrad will provide the satellite broadcaster with an in-house design and development capability, which Sky believes will deliver significant operational and financial… Continue reading Sky Buys Amstrad For £125m

GCap Media could be considering purchasing Emap’s radio assets, following Emap’s announcement last week that it is reviewing its portfolio of assets. When Emap announced the review last week it said that “all options to maximise shareholder value will be examined, including a possible sale or demerger of some or all of its constituent businesses”… Continue reading GCap Could Buy Emap’s Radio Assets