More Media Business articles

The imminent restructure of Emap’s consumer business will see jobs cut, according to Emap Consumer Media CEO Paul Keenan. Speaking at today’s MediaTel Group Future of Magazines seminar, Keenan said that the changes would see Emap stop doing a number of processes, which will in turn lead to job losses. However, Keenan stressed that the… Continue reading Job Losses To Come At Emap’s Consumer Business

The secretary of state for trade and industry, Alastair Darling, has asked Ofcom to review BSkyB’s acquisition of a 17.9% stake in ITV, with reports in the trade press claiming that the review could be widened to include all of Rupert Murdoch’s UK media assets. The review is to ascertain whether the Sky purchase “raises… Continue reading Darling Orders Investigation Of Sky/ITV Deal

Former director general of the Confederation of British Industry, Sir Digby Jones, could lead a bid to buy 47 of Trinity Mirror’s Midlands based newspapers. The titles include the Birmingham Post and 46 other local papers, including the Birmingham Mail and the Coventry Evening Telegraph. Sir Digby is quoted in today’s Financial Times as saying… Continue reading Digby Jones Could Buy Trinity Mirror’s Midlands Papers

The US satellite radio company XM saw its revenue for 2006 increase 67% year on year to $933 million. The company also added 1.6 million new net subscribers in 2006 for a total of 7.6 million subscribers. Hugh Panero, XM CEO, said: “2006 was a pivotal year for XM. The automobile market is emerging as… Continue reading XM Radio Records Revenue Increase

The Financial Times and its website recorded a £9 million increase in profits last year to £11 million, according to parent company Pearson’s preliminary full year results. FT advertising revenues were up 9% with rapid growth in online, luxury goods and corporate finance categories, all up more than 30%. The FT and its website also… Continue reading FT Records £9 Million Increase In Profits

Sky’s operating profits could be reduced by £15 to £20 million if the satellite broadcaster cannot reach a deal with Virgin Media over its basic channel package. This figure includes the four months between now and the end of Sky’s financial year on June 30. It was reported on Friday that Sky was to remove… Continue reading Sky’s Profits Could Be Hit By Virgin Channel Row

Worldwide advertising and marketing services spending is set to rise by at least 4% this year, according to advertising giant WPP. It said that worldwide economic conditions seem set to continue to show steady growth in 2007, although concerns remain over the Middle East, oil and commodity prices and the twin deficits of the US… Continue reading Global Advertising Spend To Rise This Year

WPP’s pre-tax profits rose by 14.5% to £766.3 billion in 2006, with the company reporting total revenues of £5.9 billion for the year, up 10%. WPP’s like-for-like revenue growth was up by 7.2% in the fourth quarter of 2006. In a statement, the group said: “The group’s financial performance in the year more than mirrored… Continue reading WPP Records Profits Rise

De Agostini, the Italian publisher, is understood to be preparing a bid for Endemol, the producer of Big Brother. It is believed that De Agostini has hired US bank Citigroup to examine the possibility of making a bid for the 75% stake which Telefonica could be putting up for sale (see Telefonica Board Meets To… Continue reading De Agostini Could Make Endemol Bid

The increasing power of digital media and the new ways in which consumers use the media to communicate are central to the future of the industry, according to Sir Martin Sorrell, CEO of WPP. Sorrell, speaking to LBC’s Nick Ferrari at a Chrysalis event, said that a significant shift is taking place which will see… Continue reading Sorrell: New Media Central To Future Of Industry