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SMG’s final results for 2006 show that its pre-tax profits were £10 million, a decline of 50% from 2005, whilst revenues were down 8% on 2005. The company’s TV revenues were down 8% to £125.6 million with its radio revenues recording a 3% drop to £21.7 million. Pearl & Dean’s revenues were also down, 31%… Continue reading SMG Announces Full Year Results

Donald Emslie, executive director of SMG, has resigned from the group’s board of directors and stepped down from his executive role with the company. He will retain an involvement with the firm until the end of April, performing an advisory role to chief executive, Rob Woodward. Richard Findlay, chairman of SMG, said: “On behalf of… Continue reading Emslie Resigns From SMG Board

Havas has announced that for the first time since 2001, its annual revenue was up in 2006 (0.6% organic growth and 0.8% natural growth). Net income before tax remained virtually stable at €83 million, with operating income of €121 million versus €128 million in 2005. There was a sharp rise in net new business in… Continue reading Havas Announces Revenue Increase

A report into Channel 4’s finances, commissioned by Ofcom, has said that the broadcaster is likely to be loss making after 2012. According to the study, carried out by consultants LEK, the Channel’s recent strong commercial performance will deteriorate in the near and medium-term. It gives four main options for the future, including the possibility… Continue reading Bleak Future For Channel 4

Arqiva, owned by Australia’s Macquarie Bank, has bought National Grid Wireless (NGW) for £2.5 billion ($4.9 billion). Last week, NGW submitted a bid for the second national digital multiplex in a partnership with the BBC and Digital One. Arqiva already operates the existing national digital radio multiplex, Digital One, alongside GCap Media. Tom Bennie, Arqiva’s… Continue reading National Grid Wireless Bought For £2.5 Billion

Vincent Bollore has failed in his third attempt to win representation on the Aegis board, with the firm’s shareholders rejecting his proposals at an extraordinary general meeting held today. In today’s vote, 93% of shares not controlled by Groupe Bollore were voted against the two resolutions. Bollore currently has a 29.1% share in Aegis. His… Continue reading Bollore Fails Again In Aegis Board Bid

Arqiva has completed a £25 million cash deal for BT’s satellite broadcast services business. The deal includes long-term customer contract, operations and personnel located in the USA, France, Italy and Holland, as well as the UK. Arqiva says that the acquisition provides significant infrastructure to extend its operations, including teleports in the UK, Paris, Washington… Continue reading Arqiva Completes Deal For BT Satellite Service

The impending merger between US satellite radio companies XM and Sirius will create a monopoly which would potentially violate US antitrust regulations, according to a recent report. The independent study by Criterion Economics claims to offer “concrete evidence and analysis to some of the most important questions that have plagued lawmakers since the merger was… Continue reading Opposition Grows Against US Satellite Radio Merger

The UK economy is expected to grow by 2.75% in 2007, with growth moderating by just under 0.25% points in 2008, according to the latest report from the Euroframe – European Forecasting Network. Inflation has eased slightly from the highs recorded at the turn of the year and the Network expects it to moderate further,… Continue reading 2007 Growth Forecast For UK Economy

Google accounted for 43% of the £2 billion spent by marketers on online advertising last year, according to the Interactive Advertising Bureau (IAB). Last year, Google made $1.6 billion (£872 million) in the UK, which is around 43% of the £2 billion spent last year by UK marketers. In 2005, Google’s $878 million UK revenues… Continue reading Google Increases Grip On UK Online Adspend