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Scottish Media Group (SMG) has reported a 11% rise in underlying operating profit for 2005, driven by a 4% year on year increase in revenue, reaching £210 million. Television revenues for the Group grew by 3% in 2005, with operating profits jumping by 19%, resulting in SMG’s television business living up to expectations and outperforming… Continue reading SMG Sees Profit Increase Of 11% In 2005

Titan Holdings has bought outdoor advertising company, Maiden, for just under £50 million, with the deal accepted this morning by 57% of Maiden’s shareholders. Maiden is believed to be around £39 million in debt and has struggled in recent months, pulling out of the race for Irish rail and bus operator, CIE, at the end… Continue reading Titan Buys Maiden For Under £50 Million

Daily Mail and General Trust (DMGT) is in talks to sell the Scottish arm of its local newspapers division, despite its recent decision not to auction Northcliffe Newspapers. According to a report in the Financial Times, DMGT is rumoured to be considering a sale for up to £120 million. DMGT announced last month that, after… Continue reading DMGT Rumoured To Be Selling Scottish Newspapers Division

Global advertising firm, Havas, has reported revenue of €1,461 million for 2005, enjoying organic growth of 2.5% year on year. The group enjoyed income from operations of €152 million, giving a margin of 10.4%, compared with 10.5% for the same time in 2004. Net income increased by 8% year on year, reaching €59 million, up… Continue reading Havas Reports 2005 Revenue Of €1,461

Ulster Television has released its preliminary results for the year ending 31 December 2005, revealing a 19% rise in earnings thanks to its acquisition of TalkSport radio. The company reported pre-tax profit of £20.8 million for 2005 as a whole, up from £17.5 million in 2004. The increase follows UTV’s purchase of TalkSport last June… Continue reading UTV Enjoys 19% Earning Increase For 2005

Specialist magazine publisher, Future, has warned investors that the market remains challenging, with recent conditions holding back prospects for the current financial year to September 2006. Bearing this in mind, the board expects that profit for 2006 will suffer a decline of bewteen £4 and £5 million. This loss steams from a poor performance in… Continue reading Future Warns Challenging Market Will Continue

Global advertising company, WPP, has acquired 65% of the issued share capital of Sapphire Bright Limited, extending its reach into China. Sapphire Bright, owns two of the leading promotional and merchandising companies in the People’s Republic of China; Shanghai Always Marketing Services and Shanghai Power Force Marketing Services. The deal will see clients including Unilever,… Continue reading WPP Continues To Develop Networks

ITV increased its operating profit by 42% in 2005, reaching £460 million and seeing profits double over the past two years. Revenue for the broadcaster was up by 6% year on year at £2.2 million, while cash generated from operations hit £456 million. Turning towards ITV’s digital future, channels continued to grow strongly, with revenue… Continue reading ITV Increases Operating Profit By 42% In 2005

Regional newspaper group, Johnston Press, saw overall revenues for the year reaching £520.2 million, a slight year on year increase of 0.2%, reflecting the recent depression in the market. Operating profit for 2005 was £177.7 million, while underlying earnings per share were up by 2% year on year, reaching 38.62p. Elsewhere, the group’s digital publishing… Continue reading Johnston Trading Affected By Weak UK Advertising Market

Media and communications group, Aegis, has reported an increase in revenue of 16.5%, reaching £870.4 million, with underlying profit before tax seeing a jump of 17.1%, hitting £109.8 million. Boosted by superior growth from its unique business mix, Aegis enjoyed organic revenue growth of 7.2% in 2005. The company’s digital network, Isobar, saw revenue double… Continue reading Aegis Sees Revenue Jump Of 16.5% In 2005