More Media Business articles

Magazine publisher, Highbury House Communications, has updated investors on the progress of its refinancing and restructuring exercise, first revealed in the company’s September trading update. The publisher has announced that it is making “good progress” in its discussions with banks, and now anticipates a conclusion to negotiations by 31 December 2005. However, this morning also… Continue reading Highbury On Track As Shareholders Warned Of Substantial Dilution

Specialist magazine publisher, Future, has updated investors on its progress this morning, revealing a 17% dip in profit year on year and predicting a weaker market in the near term. The company blamed tough trading conditions, and weak newsstand sales in the UK and France for its decline, which has seen pre-tax profit fall to… Continue reading Future Warns Of Weak Market As Profits Slip

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%

GCap chief executive Ralph Bernard – who last week announced a series of measures designed to re-invigorate and rebrand GCap stations; to target the BBC’s audience; and to maximise digital opportunities – will be on the panel for MediaTel Group’s Digital Radio and Beyond conference, held in association with MediaGuardian. The radio boss joins Simon… Continue reading Bernard Joins Radio Seminar As GCap Focuses on Digital Future

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

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

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

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