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Johnston Press has conditionally acquired the assets and titles of the Scottish Newspaper operations of Archant for a cash consideration of £11.2 million funded from existing bank facilities. The business comprises eight weekly titles, of which three are paid-for newspapers circulating in the North East of Scotland around Peterhead and Fraserburgh and five are on… Continue reading Johnston Press Acquires Archant Scottish Titles

Culture Secretary Tessa Jowell is expected to announce today that the BBC will be set a borrowing limit of between £220 million and £230 million, a figure far less than the £400 million the BBC had sought. The licence fee is expected to rise by 3% over each of the next two years, following which… Continue reading BBC Borrowing Limit To Be £230 Million

Shares in Pearson, publisher of the Financial Times have reached a five year high, amid speculation that the FT could be sold off or that there could be a US buyout of the entire group. Shares had reached 835.5p as of 9am today, a five year high following an increase of 24.5p yesterday. The Financial… Continue reading Pearson Could Sell FT

Fru Hazlitt has been appointed to the new position of managing director, GCap London and will also join the board of GCap Media. Hazlitt, 43, will take responsibility for Capital Radio and Choice FM, in addition to GCap Media’s national commercial sales and online operations and will report directly to Ralph Bernard, GCap CEO. Hazlitt… Continue reading Hazlitt Appointed GCap London Managing Director

ITV is no longer interested in buying cinema advertising business Pearl & Dean, which SMG had hoped to sell for up to £20 million. According to reports in the trade press, ITV has pulled out of a possible deal as it was worried that a purchase would be blocked by competition authorities. ITV currently owns… Continue reading ITV No Longer Interested In Pearl & Dean

Fru Hazlitt, who resigned as the chief executive of SMG’s radio business last week, could be about to sign a deal with GCap Media which will see her take on a key board role. According to a report in today’s Guardian, Hazlitt looks set to become managing director of GCap London, taking responsibility for Capital… Continue reading Fru Hazlitt Could Become GCap Board Member

Belinda Beeftink, formerly the director of client services at Telmar, has left the advertising media information service and it is understood that she is set to join the IPA, working on its TouchPoints system.Beeftink, who has been at Telmar for around 14 years, was involved with the launch of TouchPoints at Telmar, and an announcement… Continue reading Beeftink Leaves Telmar For The IPA

Simon Duffy, who left NTL yesterday after they did not renew his contract, is to receive share options worth £9.4 million and a £1.5 million pay-off from the cable giant. According to a report in today’s Telegraph, NTL will pay Duffy £1.5 million in compensation and has given him a deadline of March to exercise… Continue reading NTL Gives Duffy £1.5 Million Pay-Off

Geoff Unwin, chairman of United Business Media, is to leave the business information company at the end of 2007. Unwin has been chairman of United Business Media since November 2002, having been first appointed to the board in 1996. Unwin said: “UBM has a clear strategy and a first rate management team who are executing… Continue reading Chairman To Leave UBM

Dominic Stead, currently joint managing director at Media Planning Group, has joined InviseoMedia, the in-flight media company as its new CEO. Stead takes over from Andersen Cheng, currently acting CEO at Inviseo Media, and will be responsible for taking the InviseoMedia proportion global and building on the recent deal to supply Ryanair’s fleet with tray-table… Continue reading Stead Leaves MPG