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BBC Worldwide made record pre-tax profits of £111.1 million in the 12 months to March 31, with the proportion of sales to outside the UK up by 5% year on year to 46%. Investment in BBC-commissioned programmes was also up at £96.3 million from £89.0 million in 2005/06, with total programme investment at £103.6 million.… Continue reading Record Profits For BBC Worldwide

SMG has completed its 100-day business review, deciding to focus on the sale of non-core assets, restructuring the TV business and growing revenues. The review was initiated after Bob Woodward became chief executive at the end of February (see ITV Welcomes Ofcom’s Public Service Proposals). SMG will continue to look for buyers for Pearl &… Continue reading SMG Completes Business Review

News Corporation could make an announcement today that it has reached an agreement to protect the editorial independence of the Wall Street Journal. According to a report in the Washington Post, News Corp and Dow Jones were last night close to agreeing a deal following a series of meetings. This could then leave the way… Continue reading News Corp Could Announce WSJ Deal Today

Chrysalis is to sell its radio division to Global Radio, an investment vehicle chaired by the former head of ITV Charles Allen. The sale, which includes the Heart, Galaxy and LBC brands, will be for £170 million, with Chrysalis saying that it will make a £95 million profit on the deal. The deal leaves Chrysalis… Continue reading Charles Allen Heads Chrysalis Radio Buyout

Aegis has acquired the ad-serving business bluestreak.com for $12.5 million. The agreement will see Aegis acquire Bluestreak’s proprietary ad-serving technology, a hosted online advertising suite, which helps advertisers execute campaigns across all internet media, through campaign management, execution, optimisation and analysis. Established in 1999, Bluestreak has an active presence in the key markets of the… Continue reading Aegis Acquires Ad-Serving Company

Pearson is coming under pressure from shareholders to sell the Financial Times rather than go head-to-head with Rupert Murdoch’s News Corporation once it has bought The Wall Street Journal. The news comes after Pearson decided to scrap its own plans to bid for The Wall Street Journal as part of an alliance including General Electric,… Continue reading Pearson Under Pressure To Sell FT

Aegis has acquired the full service event and experiential marketing agency Vivid Marketing. Vivid was founded in 1998 and is head-quartered in Smyrna, Georgia. It provides customised event marketing and field execution services across the US. Its services include mobile marketing activation, on-site promotions, branded product sampling, new product launches, consumer retail displays, and entertainment… Continue reading Aegis Acquires Vivid Marketing

All3Media has bought Maverick Television, one of Britain’s leading regionally based TV production companies. The deal for Maverick was made for an undisclosed sum and will see the firm join All3Media’s stable of 11 other production companies. Maverick TV is recognised as one of Britain’s leading producers in digital media. Its award winning and rapidly… Continue reading All3Media Acquires Maverick TV

Scottish newspaper and media group, Johnston Press, has announced a slow down in advertising losses for the first five months to 2 June. The group behind dozens of regional titles, including the Stamford Mercury (which is more than 300 years old), has forecast a “satisfactory outcome” to the year after the relatively strong start. The… Continue reading Johnston Press Sees Ad Loss Slow Down

News Corporation, Rupert Murdoch’s global media behemoth, could sell MySpace in exchange for a quarter of Yahoo! Reports have emerged that Murdoch is apparently in talks with Yahoo! about selling the social networking giant for $12.3 billion (£6.2 billion) for a 25% stake in one of Google’s main competitors. According to a report in News… Continue reading Murdoch Could Sell MySpace For 25% Stake In Yahoo!