More Media Business articles

NTL’s major shareholders are becoming frustrated with the cable giant’s attempts to acquire ITV and would prefer it if the company focused on integrating Telewest and Virgin Mobile. According to a report in the Guardian, some of NTL’s largest shareholders want the company to forget about bidding for ITV and to concentrate on matters closer… Continue reading Shareholders Want NTL To Forget About ITV Merger

Magazine publisher Future has delivered “disappointing” financial results, having overspent in new acquisitions, after the group announced its profits were down by a third in its results to 30 September 2006. The publisher’s profits fell by a third to £13.7 million in the year to the end of September. Lower sales and ad revenues from… Continue reading Future Looks Ahead After Disappointing Financial Results

Pre-tax profits at GCap Media are down 32% year on year, according to the group’s interim results for the six months to 30 September 2006. The company made £8.4 million compared to £12.4 million in the same period last year. Flagship London station, Capital Radio, has seen its revenue down by £6.3 million year on… Continue reading Capital Radio Continues To Impede GCap Media’s Growth

The BBC has been shaken up by the shock announcement that the Corporation’s chairman, Michael Grade, has jumped ship to become executive chairman of ITV with immediate effect. The race to find Charles Allen’s replacement is finally over, after the appointment of Grade – a decision that no one in the industry was expecting. Various… Continue reading BBC Chairman Jumps Ship To ITV Top Job

The chief executive of Carphone Warehouse, Charles Dunstone, has said that the company is not yet convinced of the merits of buying content to provide a broadband television service. Speaking to The Times newspaper, Dunstone said that although the company needs a “bit of a breather” following its acquisition of AOL UK (see Carphone Warehouse… Continue reading Carphone Warehouse Not Convinced Of Merits Of Broadband TV

UBC Media’s financial results for the six month period to 30 September show the company is maintaining a strong trading position, whilst developing new digital radio models. Overall operating profit fell to £21,000 from last year’s £58,000, whilst gross profit remained at £2.4 million. Turnover for the group reached £9.1 million, slightly down on last… Continue reading UBC Results Maintain Strong Trading Position

The Daily Mail and General Trust (DMGT) has recorded an adjusted profit before tax of £260 million, up 9% on the equivalent figure for last year. The company says that this improvement was mainly due to strong growth from DMG Information. The Group’s business-facing divisions generally enjoyed strong growth, whilst its consumer operations, particularly its… Continue reading DMGT Pre-Tax Profits Up £260 Million

The ownership of the Daily Mirror newspaper has been thrown into question after reports that millionaire businessman Marcus Evans is ready to make another bid for the title. The Times has said that Evans, who two years ago offered between £700 million and £800 million, could offer between £550 million and £600 million this time.… Continue reading Daily Mirror Could Be Sold To Millionaire Businessman

Mediaedge:cia (MEC), the WPP-owned media network, has shaken up its UK management team and named Tom George as its first UK CEO. George will now take responsibility for all aspects of the MEC UK business including sponsorship, interaction and MEC Manchester. Toby Jenner and Steve Hatch now become joint managing directors and Stuart Sullivan-Martin is… Continue reading Mediaedge:cia Appoints George As First UK CEO

Vincent Bollore has again failed in his bid to win two seats on Aegis’ board, with 94.2% of the votes not controlled by Groupe Bollore cast against the two resolutions it proposed at today’s EGM. A high turnout was achieved with 77.2% of eligible votes cast, compared to 76.6% at the AGM in June where… Continue reading Bollore Fails Again In Aegis Board Bid