More Media Business articles

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

United Business Media (UBM) has appointed Steve Weitzner to chief executive of CMP Media, the company’s electronics and online media arm. The new role sees Weitzner replace current chief executive Gary Marshall, with Weitzner rising from his position as chief operating officer. Commenting on his appointment David Levin, chief executive of UBM, said: “Our strategy… Continue reading UBM Appoints Weitzner As Chief Executive Of CMP Media

Independent News and Media (INM) announced today the appointment of Martin Lindsay as editor of the Belfast Telegraph, succeeding Edmund Curran who has been appointed editor-in-chief of INM’s newspaper titles in Northern Ireland. Lindsay takes up the post after 12 years as editor and general manager of the Telegraph’s, sister paper, Sunday Life. During his… Continue reading INM Appoints Lindsay As Editor Of Belfast Telegraph

French advertising group, Publicis Group has confirmed that is has held “preliminary conversations” about a possible offer for UK media and market research group Aegis. In a statement to the City last night, Publicis explained that its discussions were “extremely premature” and are not necessarily building towards an offer for Aegis. Publicis’ confirmation marks an… Continue reading Publicis Group Confirms Offer For Aegis

Brett Gosper, president of Omnicom TBWA\New York has left the agency to rejoin Interpublic Group’s McCann Erickson assuming the position of president of the US company. The new expanded role will see Gosper focus on McCann New York as well as working on key multinational accounts. Gosper left McCann a year ago to join Omnicom,… Continue reading Gosper Rejoins McCann

ITV has unveiled a new top team and management structure in order to “position itself for growth in the digital age” and focus more closely on the needs of viewers and advertisers. The new management structure will see Mick Desmond, chief executive of ITV Broadcasting, part company with the business just weeks after sales director… Continue reading ITV Announces Management Reshuffle Preparing For Digital Age

Media giant Aegis has revealed details of a takeover bid from an as yet unnamed firm, valuing the company at around £1.57 billion. In a statement this morning the company’s Board confirmed speculation over the bid, but stated that the approach had been “preliminary in nature” and that “there can be no certainty that an… Continue reading Aegis Confirms Takeover Bid As Publicis Rumours Fly

Media and communications group, Aegis has announced plans to purchase an initial 52% equity stake in Russian media company, Komandarm, trading under the name Vizeum Russia, with the agreement allowing Aegis to acquire the outstanding equity by 2009. The purchase price for 100% of the equity will be comprised of an initial consideration and a… Continue reading Aegis Extends Reach In Russian Media Market