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ITV is to cut 40 jobs from its Meridian and Central regional news teams and Sky News is also to cut jobs as it revamps its schedule. Reports in The Guardian say that Sky News could axe Sky Report and World News Tonight, with a formal announcement to employees about their futures expected to come… Continue reading News Channel Job Cuts

Shares in ITV rose 1.2% last week, as rumours circulated that the broadcaster could be the focus of a take-over bid by US private equity group Kohlberg Kravis Roberts. This defied the downward market trend, which saw the FTSE 100 surrender all and more of Friday’s 2% gain after another session of unstable trading. Rumours… Continue reading ITV Bucks Stock Market Trend

Top Up TV, the independent company set up to offer Freeview customers the chance to ‘top up’ their channels for a small monthly payment, has gone into voluntary liquidation.Related LinksTop Up TV

Following on from the statement last week by Spanish telecoms and media giant Telefonica that it was considering selling Endemol – the production company behind global television hits such as Big Brother – shares in the Dutch company rose by 4.7%.to €13.6 yesterday. The rise was fuelled by speculation that Telefonica has been sounded out… Continue reading Endemol Share Rise

ITV has appointed Nicky Buss, client services director at WPP’s Research International, to the newly created role of advertiser development director, ahead of what analysts expect to be a summer advertising slump. Buss’ experience includes television, agency work and direct client contact, which ITV feels will help her perform the dual roles of building relationships… Continue reading ITV Adds To Advertising

Aegis’ board has sent a letter to shareholders recommending they vote against Groupe Bolloré’s board nominations. Chairman of Aegis, Lord Sharman, has written to the shareholders ahead of the annual general meeting to be held on June 14. Aegis’ board is against the nominations as they believe Groupe Bolloré chairman Vincent Bolloré’s chairmanship of Havas… Continue reading Aegis Board Urge Shareholders To Block Nominations

DMGT has announced a rise in profits for the half year to 2 April 2006, despite being hit by the widespread slump in advertising. Pretax profit rose by 7% to £108.7 million, with revenue rising by 2% from to £1,083 million. The poor performance of the newspaper sector in the current tough market was offset… Continue reading Mail Group Weathers The Storm In Tough Ad Climate

GCap has reported a fall in profits with annual pre-tax revenue to the end of March down 40% to £22.2 million. On a statutory basis, including the effect of amortisation and other charges, the company made a loss before tax of £47.9 million. One of the main reasons for the slump is said to be… Continue reading Revamp Renders GCap Profits Down

Media group Emap has announced a 9% rise in pre-tax profits to £223 million for the year ending March 2005. Underlying revenues were up 8% to £1.154 million. Performance varied across Emap’s different divisions. Within the UK consumer magazine sector, underlying revenue rose by 3% (or 7% including new launches). Weekly titles, such as new… Continue reading Revenue Rise For Emap

UK ISP Wanadoo will become Orange in a re-branding exercise by France Telecom costing an estimated £130 million. As part of the plan to homogenise the brand, there will be advertising campaigns across the media platforms to say goodbye to Wanadoo and welcome Orange. Three variants of the ads have been created to market the… Continue reading Wanadoo Makes Way For Orange