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Clear Channel Communications has been sold for $19 billion, to private equity firms Bain Capita and Thomas H Lee. Last week it was rumoured that JCDecaux was on the verge of making a bid for Clear Channel Outdoor, which would have seen it become the world’s largest outdoor advertising company, worth an estimated £12 billion… Continue reading Clear Channel Sold For $19 Billion

A new study on product placement in the US from Nielsen Media Research has found that 57.5% of television viewers recognised a brand when viewing a product placement in combination with a commercial, as compared to 46.6% of those viewers exposed only to a commercial for that brand. Nielsen Media Research adds that the reinforcement… Continue reading US TV Ads Get 20% Boost In Brand Recognition From Product Placement

The chief executive of Bollore Investissements, the company through which Vincent Bollore own his 29% stake in Aegis, has held meetings with investors in Aegis, in order to explain Bollore’s intentions ahead of next week’s shareholder meeting (see Aegis Announces EGM For Bollore Board Bid). Cedric de Bailliencourt met with investors in London on a… Continue reading Bollore Emissary Lobbies Aegis Investors

The Office of Fair Trading could intervene in the proposed merger between NTL and ITV owing to NTL’s 50% stake in pay-TV provider UKTV. Flextech, wholly owned by NTL, could be required to sell its stake in UKTV, which is a joint 50/50 venture with BBC Worldwide, according to a report in the Telegraph. Because… Continue reading OFT Could Intervene In NTL/ITV Merger

Emap has reported a 4% half year increase in profits to £93 million, although revenue for its UK consumer magazines division was down 4% to £185 million from £193 million in the same period in 2005. Revenue from Emap’s B2B division grew strongly, up 11% to £134 million, with Emap saying that it benefited significantly… Continue reading Emap Revenue Increases 4%

Mobile phone company 02 saw its UK third quarter mobile service revenue grow by 14.9% year on year. The company also saw year on year growth of 6.1% in Germany and 1.7% in Ireland. Mobile average revenue per user in the UK was £272, compared to £271 for Q2 2006 and £265 for Q3 2005.… Continue reading 02 Records 14.9% Revenue Growth

BSkyB has announced several new senior management appointments, including chief operating officer, managing director of its customer group, and group director for communications and brand marketing. Brian Sullivan, currently Sky’s director of product strategy and management, is appointed to the role of managing director, customer group with responsibility for leading the company’s marketing, product development… Continue reading BSkyB Announces Senior Management Appointments

News Corporation recorded operating profit of $851 million for the first quarter, a 6.4% fall year on year, although the corporation’s online revenues continued to show growth. The decline in operating profit was due to due to a decline at its film division 20th Century Fox. Revenue for News Corp’s global newspaper division was down… Continue reading News Corp Operating Profits Decline

The top 10 advertisers in the UK cut their spending on television by 11% year on year in the third quarter of 2006, according to new figures from Nielsen Media Research. TV expenditure is £857 million this year, down 8.9% from £941 million in Q3 last year, whilst spending by the top 10 advertisers is… Continue reading Top 10 UK Advertisers Cut TV Spending

WPP is to acquire 3.2% of the issued share capital of Spot Runner, the first internet-based advertising agency. WPP said that Spot Runner’s approach to commercial production, media planning and media buying services makes it easy and affordable for local businesses to advertise on TV. WPP added that the investment continues WPP’s strategy of developing… Continue reading WPP Invests In Internet Advertising Agency