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French entrepreneur Vincent Bollore has again increased his stake in media communications business, Aegis, raising his share in the company to 11.4% over the weekend to make him the firm’s largest stakeholder. The move adds fuel to industry speculation that Bollore is planning a take-over bid for Aegis, after he began increasing his share in… Continue reading Bollore Increases Aegis Stake To 11.4%

News Corporation has sold its TSL Education division to Exponent Equity for £235 million, marking the first disposal of owner Rupert Murdoch’s newspaper titles since he entered the market 36 years ago. The deal will see News International continue to print and distribute The Times Educational Supplement and the Times Higher Supplement, with the sale… Continue reading Murdoch Sells TSL Education

Future has announced that trading for the second half of 2005 has continued at levels below expectations, with the specialist magazine publisher attributing the demise to newsstand weakness in the UK and France, combined with a higher level of new product development expenditure. According to its trading statement, total group turnover for the 11 months… Continue reading Future Reveals Trading Below Expectations

Highbury House Communications has revealed that revenues for the first half of 2005 are down by 28% year on year to £39.6 million, resulting in an operating loss of £2 million, according to its trading statement published today. Total operating losses were shown to be £11 million, compared to £22.9 million last year, with revenues… Continue reading Highbury Revenues For First Half 2005 Down By 28%

French entrepreneur Vincent Bollore has increased his stake in Aegis to “close to 9%”, further fuelling industry speculation that he will enter the bidding for overall control of the firm. Bollore, chairman of rival agency Havas told a French news conference: “Maybe Aegis will be a long-term shareholding one day, but for the moment it… Continue reading Bollore Raises Aegis Stake To 9%

Advertising and marketing communications company, Omnicom has announced plans to invest in a global expansion of its PHD media network, extending its presence in markets across Europe, Asia and Africa. Omnicom will launch the new offices by taking resources from its existing Media Group offices, with the expansion beginning in the final quarter of 2005… Continue reading Omnicom Extends PHD’s Global Reach

Chrysalis radio has announced plans to launch a new independent division to develop audiences and revenue through listener understanding. The company’s new Insight department will work across Chrysalis Radio’s entire brand portfolio including Heart, LBC, Galaxy and its digital station Arrow, taking responsibility for listener engagement, database management, research, agency and client development and trade… Continue reading Chrysalis Radio Launches Insight Division

GCap Media has shown that the merger between Capital Radio and GWR created £25 million of annualised gross merger synergies, a significant increase of their earlier estimates of £7.5 million and resulting in on expected £8 million of gross cost savings in the current financial year. According to the group’s trading statement, published this morning,… Continue reading GCap Merger Creates £25 Million In Merger Synergies

Media group, Emap, has revealed a positive trading update for the first half of 2005, predicting radio revenues will “outperform” the market, enjoying an increase of 2% year on year, reflecting the group’s strong presence in the digital arena. Total revenues for the first six months of 2005 are expected to grow by 5%, with… Continue reading Emap Radio Revenues To Outperform Market

The Television Corporation has announced turnover totalling £22 million for the first six months of 2005, up from £17.4 million this time last year, with profit before tax hitting £1.6 million compared to £672K last year. The first half of 2005 has seen growth of over 25% in core UK programme revenues against those of… Continue reading TV Corp Announces Turnover Reaching £22 Million For First Half Of 2005