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Pearson is on track to produce record profits in 2006 and expects adjusted earnings per share to come out at the top end of analyst’s expectations. The Financial Times publisher said that it continued to perform strongly through the fourth quarter of 2006, with all of its businesses trading well. Pearson Education sustained its good… Continue reading Pearson On Track For Record 2006 Profits

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

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

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