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Shareholders in cable giants NTL and Telewest have given the companies the go ahead to merge, with a 99% vote of confidence expected to see the transaction completed today. The move will see Telewest shareholders acquire 25% of the combined companies, while NTL shareholders will own around 75%. NTL chairman James Mooney said yesterday: “The… Continue reading Shareholders Approve NTL Telewest Merger

Newspaper publisher, Trinity Mirror, has revealed a drop in turnover for the 52 weeks to January 1st 2006, dipping by 1.3% like for like to £1.12 billion after a slowdown in the UK economy resulted in a fall in marketing spend. Despite this decline, Trinity reported a year on year increase of 5.9% in pre-tax… Continue reading Trinity Suffers 1.3% Drop In Turnover In 2005

Associated Newspapers Limited (ANL) has agreed to relinquish its exclusive rights on the London Underground, clearing the way for a new afternoon or evening newspaper to be distributed to London commuters. The decision will be welcomed by publishers who have been waiting for the Office of Fair Trading (OFT) to make a decision over ANL’s… Continue reading Associated Newspapers Gives Up Exclusive Underground Rights

Publishing group, Emap, has announced plans to sell its French operations and return the cash generated to shareholders, resulting in a surge in share price, up nearly 7% in today’s market. According to Emap, the decision follows a review of the group’s strategic investment priorities. The sale is expected to be completed during the first… Continue reading Emap To Sell French Operations

United Business Media (UBM) reported a year on year rise of 7.2% in full-year profit this morning, revealing plans to return more than £300 million in capital to shareholders over the next two years. Pre-tax profit for the year ended 31 December increased to £152.1 million from £141.9 million a year earlier, while revenue for… Continue reading UBM 7.2% Increase In Profits

UK publishing group, Pearson, has reported a 23% increase in full year profits for 2005, living up to industry expectations. The healthy growth was fuelled by a strong educational market and a good performance in advertising revenues at the Financial Times. Pre-tax profits for the year to December 31 rose to £422 million from £350… Continue reading Pearson Enjoys 23% Profit Increase In 2005

Publishing body, Emap, has announced that Alun Cathcart will assume the position of chairman this summer, following the 2006 annual general meeting. Cathcart takes over from the current chairman, Adam Broadbent, who will be retiring at the AGM, after the completion of his third term on the board. Commenting on the move, Broadbent said: “The… Continue reading Cathcart New Emap Chairman

Global advertising company, WPP, has announced record results for 2005, enjoying a 36% year on year increase in full-year profit and a rise in revenue of 25% to £5.4 billion, exceeding previous expectations. Headline profits before tax were up by over 26% for the year, reaching £669 million, while profit before tax hit £592.0 million,… Continue reading WPP Enjoys 36% Rise In Profits For 2005

French advertising group, Publicis Groupe, has announced the launch of its new strategic initiative, Denuo, with the business designed to exploit the evolving digital, interactive and mobile communication environment. The new venture, led by Rishad Tobaccowala, will concentrate on three areas; strategic consulting, ventures and partnerships, catalyst and activation. Denuo will also be involved in… Continue reading Publicis Launches Strategic Initiative

Marketing services group, Aegis, has bought South African out-of-home business, Integrator, for £5.6 million, planning to integrate it into the company’s own out-of-home business, Posterscope. Integrator is highly regarded for its strategic approach and planning tools, with the three year old business bringing clients such as Heineken, Johnie Walker and Sanlam into the Aegis fold.… Continue reading Aegis Buys South African Out-of-Home Business