More Media Business articles

BBC Worldwide’s TV sales are set to reach around £190 million for this financial year due to strong growth in traditional programme sales and an increasing number of deals with digital media platforms. This figure is up from last year’s £171 million and was announced by BBC Worldwide prior to the BBC Showcase event being… Continue reading BBC Worldwide’s TV Sales Grow

The US companies Sirius Satellite Radio and XM Satellite Radio have agreed a merger, which will create a company valued at $13 billion. The deal will see Sirius acquire XM in a $4.6 billion deal, although the merger could face problems. It is believed that US terrestrial radio companies are likely to make objections and… Continue reading US Satellite Radio Companies To Merge

Tiscali’s revenues for 2006 stood at €678.5 million, up 28% year on year, which Tiscali says is broadly in line with its business plan. As of 31st December 2006, Tiscali had around 3,5 million active users, of which 1,9 million were broadband customers (up 50% compared to 2005), in line with the targets of the… Continue reading Tiscali Revenues Grow

BT has announced that Sir Christopher Bland’s successor as chairman will be Sir Michael Rake, the current chairman of KPMG International. KPMG is one of the world’s leading accountancy firms and has a global fee income of $17 billion. It is represented in 148 countries and employs 113,000 people. Welcoming the appointment, Bland said: “On… Continue reading BT Announces Next Chairman

Reed Elsevier’s revenues were up 4% in 2006, to £5.3 million, driven by a 10% increase in digital revenues. Organic revenue growth was 5% despite the weak education markets. Organic adjusted operating profit was 8%, reflecting underlying margin improvement across the rest of the business. Overall operating margin was up 0.3% points at reported exchange… Continue reading Reed Elsevier Revenues Up 4% In 2006

Telefonica executives are to meet today to discuss the sale of its production subsidiary Endemol. Options which could be discussed at the board meeting in Madrid include an open auction or an invitation to the major groups who have shown an interest in the Big Brother producer. Groups which have been linked to the sale… Continue reading Telefonica Board Meets To Discuss Endemol Sale

Vincent Bollore could be about to call for another extraordinary general meeting of Aegis shareholders as he attempts to finally have his candidates placed on the board. If it goes ahead, this will be the third EGM Bollore has called. Currently with a 29.1% share in Aegis, Bollore’s attempts to have his candidates, Philippe Germond… Continue reading Bollore Could Call Third Aegis EGM

Pre-tax losses at Times Newspapers, owner of the Times and the Sunday Times, increased by 72% from £46.9 million to £80.7 million in the year to the end of June 2006. According to accounts filed at companies house, there was a £31.3 million charge to cover the cost of planned redundancies at News International’s printing… Continue reading Pre-Tax Losses Increase At Times Newspapers

Omnicom has announced that its net income for the fourth quarter of 2006 increased 9.7% to $277.2 million from $252.6 million in the fourth quarter of 2005. The company’s worldwide revenue increased 9.4% to $3,2162.2 million from $2,939.4 million in the fourth quarter of 2005, whilst its domestic revenue for the fourth quarter of 2006… Continue reading Omnicom Records Net Income Increase

ITV has announced that Sir James Crosby is to be appointed as senior independent director and chairman of the nomination committee of the board. Crosby, 50, replaces Sir George Russell and will serve as an independent representative for shareholders to contact. Sir George Russell, deputy chairman, said: “I am very pleased that James has accepted… Continue reading New Senior Independent Director For ITV