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Groupe Bollore has announced that it has raised its stake in media and communications company, Aegis, to 25.05%, just above the 25% mark that allows a blocking minority in the company. According to industry reports, Vincent Bollore’s group bought 735,223 shares in Aegis on Friday, giving the French entrepreneur the largest shareholding in the UK… Continue reading Bollore Raises Aegis Stake To Over 25%

Global advertising firm, WPP and private equity firm, Hellman & Freidman are expected to withdraw from bidding for media and communications group Aegis, with the companies thought to be releasing statements claiming that Aegis has rebuffed their offers. According to reports in the Wall Street Journal Aegis turned down offers from WPP and Hellman &… Continue reading WPP And Hellman & Freidman To Withdraw From Aegis Bid

In a candid presentation to key agencies ahead of today’s formal results announcement, GCap Chief Executive, Ralph Bernard focused on the bold, strategic changes that his “root and branch” review of the company had led him to. “We have completed a restructure designed to cut costs and revitalise the company, “he said. “Our major shareholders… Continue reading Audiences and Profits “Unacceptable” says GCap’s Bernard

GCap Media is to sell nine stations and re-brand in other key areas The nine analogue stations for sale are in the south-west, north-west and north Wales, including Marcher Group “leaving us in the seven key ITV areas where we have excellent coverage, ” said Chief Executive, Ralph Bernard. Other changes see: Analogue station Capital… Continue reading GCap Media Sells Stations And Announces Rebrand Plans

Media and communications group, Aegis, has announced the acquisition of Turkish market research firm, Plus REMARK, for a total cash consideration of £4 million. The business will be integrated into Aegis’ research arm Synovate’s worldwide network, giving the media company access to the increasing research market in Turkey. Commenting on the deal, Robert Lerwill chief… Continue reading Aegis Buys Turkish Research Firm

Liberty Media has entered into the online gaming sector, with John Malone acquiring the majority of FUN Technologies for $193.5 million. Malone now owns 51% of FUN Technologies, which supplies systems to AOL, MSN and Virgin, with Lorne Abony, co-founder and chief executive of FUN saying: “Liberty is the right strategic partner to enable FUN’s… Continue reading Liberty Enters Into Online Gaming Sector

Global advertising group, WPP is reported to be considering its options for a joint bit for Aegis Group by obtaining support from the Group’s biggest shareholder, Vincent Bollore. The French entrepreneur has recently been strengthening his position in the company, now owning a quarter of the media group. According to a report in Saturday’s Daily… Continue reading WPP And Bollore To Launch Joint Attack On Aegis

Emap has announced an increase in revenue of 6% for the half of the year ended 30 September reaching £554 million, despite a 5% downturn in operating profit and a 2% drop in pre-tax profit, hitting £103 million and £95 million respectively. Underlying revenue for the media group rose by a slight 1% in the… Continue reading Emap Reports 6% Increase In Revenue

Chrysalis has reported turnover for all businesses of £155.2 million for the year ended 31 August 2005, with a loss of £9 million from 2004’s figure of £164.2 million due to operating losses and exceptional impairments relating to Chrysalis Books and a downturn in the radio advertising market. Operating profit for the group was £28.4… Continue reading Chrysalis Reports Turnover Of £155.2 Million

News Corporation has announced a net loss of $246.8 million for the July to September quarter of this year, despite a 10% increase in revenues year on year. Revenue in the quarter was shown to have enjoyed an increase of $0.53 billion compared to the same period last year, reaching $5.68 billion. Commenting on the… Continue reading News Corp Sees Net Loss Of $246 Million In Q3 2005