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Daily Mail and General Trust (DMGT) has bought 25 weekly regional newspapers from Trinity Mirror for £64.15 million. Trinity Mirror is selling Kent Regional Newspapers, East Surrey and Sussex Newspapers and Blackmore Vale Publishing, which form part of its regional business in London and the South East. The three businesses are being acquired by Northcliffe… Continue reading DMGT Buys 25 Trinity Mirror Regional Titles

Rupert Murdoch’s $5 billion (£2.5 billion) bid for Dow Jones, owner of the Wall Street Journal, has finally been accepted, with a formal announcement expected next week. According to a report in Business magazine, the announcement is expected next week once the majority shareholders, the Bancroft family, have formally agreed to the sale. News Corp… Continue reading Murdoch Dow Jones Deal Set To Go Ahead

ITV’s net advertising revenues were down 5% for the first half of the year, with ITV1’s ad revenues down 9% year on year to £595 million. The figures, revealed in a trading update for the six months to June 30, show that ITV’s revenues from interactive gaming dropped 67% to £9 million following the furore… Continue reading ITV Ad Revenues Down 5%

Google’s purchase of ad-serving company DoubleClick for £1.5 billion has come under fire from BEUC, the European consumers’ organisation. BEUC has asked the EU competition commissioner, Neelie Kroes, to investigate the deal, which could lead to Google being forced to divest large parts of its operations if it is found to be in breach of… Continue reading Google DoubleClick Deal Under Pressure From Consumer Group

Digital Marketing Group has acquired Graphico New Media, a full service creative digital agency with skills in mobile marketing, and Hyperlaunch New Media, an award-winning digital creative marketing agency. DMG is paying £8.6 million for Graphico and £3.5 million for Hyperlaunch. Graphico’s core business area lies in the design, development and maintenance of web-sites, from… Continue reading Digital Marketing Group Acquires Two Agencies

The US private equity firm Carlyle has reportedly made a £11.5 billion bid for Virgin Media. It is understood that Carlyle has made a preliminary offer of around £16.50 a share for the company. According to reports in the New York Times and Washington Post, the Virgin board has instructed Goldman Sachs, to review its… Continue reading Private Equity Firm Makes Virgin Media Bid

Aegis has issued a pre-close statement ahead of its interim results on September 6, saying that trading has continued in line with expectations and organic revenue growth remains very healthy. Within Aegis Media, the fastest organic revenue growth continues to be achieved in EMEA, Asia-Pacific an d digital services, while at Synovate, organic revenue growth… Continue reading Aegis Issues Pre-Close Statement

Trinity Mirror has announced that its group advertising revenues for the 26 week period ending 1st July 2007 are expected to fall by 1.5%. In the company’s regionals division, advertising revenues are expected to fall by 1.6%. By category the expected fall in display is 0.6%, recruitment is 1.6%, motors is 10.1% and other categories… Continue reading Trinity Mirror Expects Ad Revenue Fall

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