More Media Business articles

Clear Channel Outdoor Holdings has acquired the UK business of Van Wagner, which operates the country’s leading premium format outdoor advertising company. The acquisition adds two new formats to Clear Channel Outdoor’s portfolio with the large format Mega 96 sheet and Mega 6 sheet products. In addition, Clear Channel says that the deal strengthens it’s… Continue reading Clear Channel Acquires Van Wagner’s UK Business

Chrysalis, the radio and music group, has announced a sharp fall in normalised pretax profits at its interim results. Half-yearly figures plummeted to £2.1 million for the six months ending February 2006, from £3.9 million in the same period last year – a reflection of the tough competition for advertisers among commercial stations. However, despite… Continue reading Chrysalis Release Tough Half-Year Figures

Vincent Bolloré, chairman of Groupe Bolloré, has upped his stake in Aegis to 28.8%, after yesterday’s announcement by the Aegis board that they would not be supporting his nominees (see External Candidates For Aegis Board). The nominees, Philippe Germond, ex-president of French mobile firm Alcatel and Roger Hatchuel, former owner of the Cannes Lions International… Continue reading Bollore Increases Aegis Share Ownership

The leading American TV networks are failing to wow the advertisers, in the traditional parade of up-and-coming programmes set to be shown in the lucrative autumn and winter schedules. Currently taking place in New York, the ‘upfronts’ are a catwalk for the TV industry, with channels showcasing their schedules in an attempt to woo a… Continue reading Advertisers Unimpressed By Big Apple TV Bonanza

BT’s Q4 results, released this morning, show that its new wave revenue – comprising networked IT, mobility and broadband – has continued to grow and is 28% higher than last year, at £1,851 million. Networked IT services revenue grew by 22% to £1,214 million, broadband revenue increased by 44% to £421 million and mobility revenue… Continue reading BT’s New Wave Revenue Continues To Grow

The board of Aegis has decided not to support the nominations of two external candidates put forward for election at the group’s annual general meeting. However, the board believes that shareholders should be able to express their views and they will therefore put forward resolutions for shareholders to vote on at the AGM. Because of… Continue reading External Candidates For Aegis Board

WPP has extended its reach into the Chinese media market, with the acquisition of Beijing Hua Yang Lian Zhong Advertising Company (HYLZ). The acquisition will now come under WPP’s GroupM, specialising in on-line and interactive media throughout the People’s Republic of China. HYLZ had audited revenues of CNY 20.75 million (US$2.6 million) for the year… Continue reading WPP Extends Reach Into Chinese Media

A senior-level shake-up at newspaper publisher Pearson has made Rona Fairhead chief executive of the Financial Times Group, amid rumours that she is being groomed to take over from Marjorie Scardino, chief executive of Pearson, in the future. Of her new role, Fairhead simply said: “It is a real privilege to take on some of… Continue reading All Change At The FT After Management Reshuffle

Media giant Havas has announced an increase in revenues of 2.6% year on year for Q1 2006, reaching €339 million. On a like for like basis, the company states that organic growth was down by 2.4% however, with Havas stating it is still suffering from last year’s losses. The company’s operations in France remained stable,… Continue reading Optimistic Havas Releases Q1 Results

Newspaper giant Trinity Mirror has extended its online portfolio with the acquisition of Email4Property Limited, an internet directory service and marketing tool for estate agents. The purchase, made for a total of £4.4 million, sees Trinity extend its property advertising assets and should deliver a good return, given the sector’s strong performance for the publisher… Continue reading Property Purchase Boosts Trinity’s Online Portfolio