More Media Business articles

James Murdoch, chief executive of BSkyB, could leave the satellite broadcaster in the summer in order to take up a position at News Corp. According to a report in the Mail On Sunday, Murdoch will be replaced at Sky by the head of Sky Italia, Tom Mockridge. The US based News Corp is headed by… Continue reading James Murdoch Could Leave BSkyB

John de Mol is believed to be discussing with Disney the possibility of placing a joint bid for Endemol, the company he co-founded. According to reports in the trade press, de Mol and Disney are looking for a private equity firm to join their partnership and help finance the deal. Last week Dutch regulators announced… Continue reading Disney Could Join De Mol In Endemol Bid

The legal battle between Sir Frank Lowe and Interpublic Group (IPG), his former employer, has finished with an out of court settlement. IPG filed a claim against Lowe after his breakaway launch of Red Brick Road in January last year, following which he won the Tesco advertising business from Lowe London, valued at £45 million… Continue reading Lowe And Interpublic Settle Legal Dispute

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

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