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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

ITV has rejected NTL’s merger bid, saying that there is “little, if any, strategic logic for ITV to combine with NTL.” The rejection by ITV comes after BSkyB acquired a 17.9% stake in the broadcaster for £940 million on Friday (see ITV Share Price Falls After BSkyB Acquires Stake). The NTL bid offered 105p cash… Continue reading ITV Rejects NTL Merger Bid

UK internet shopping reached a new all time high in October, according to new research from the Interactive Media In Retail Group (IMRG). The IMRG says that sales for October were estimated to be worth £2.73 billion, with e-retail growing at its fastest ever rate in 2006, increasing by an average of £50 per month… Continue reading UK Internet Shopping Reaches October High