More Media Business articles

Guardian Media Group Radio this morning announced the acquisition of a controlling stake in Reading 107 FM. The radio group has increased its shareholding in the Berkshire-based station from 37.8% to 60.3% with immediate effect, securing control of the station, which covers an area of 257,000 potential adult listeners across Reading. The station currently relies… Continue reading GMG Buys Controlling Stake In Reading 107 FM

Publisher of the Daily Mail, Daily Mail and General Trust, has acquired Zambeasy Ltd, publisher of Top-Consultant.com and Office Recruit Ltd publisher of officerecruit.co.uk in a deal worth £4.1 million. Top-Consultant.com is the number one UK recruitment site for management consultants, while Officerecruit.co.uk publishes classified listings of vacancies for secretaries, administrators, customer service and telesales,… Continue reading DMGT Buys Online Recruitment Sites

Former editor of the Sun newspaper, Kelvin Mackenzie, has raised his stake in publisher Highbury House Communications to nearly 20%. According to industry reports, yesterday Mackenzie bought 15,500,500 ordinary shares in Highbury, bringing his stake in the company to 19.82%. The move will fuel speculation that Mackenzie is preparing to install himself on the board… Continue reading Mackenzie Raises Highbury Stake To 20%

ZenithOptimedia has announced that Rich Hamilton, chief executive officer of the agency’s America’s division has stepped down from the role, for personal reasons. The position will be filled by Tim Jones, chief strategy officer at ZenithOptimedia USA, who will assume most of Hamilton’s roles. Other key players in ZenithOptimedia’s US team will also be promoted,… Continue reading Hamilton Leaves ZenithOptimedia America

Global advertising group, WPP, is expected to report an upturn in profits resulting in a boost in confidence in the media sector. According to industry speculation the group will reveal, at the end of the week, an increase of 25% in its profits for the first half of 2005, reaching £250 million. Revenues for WPP… Continue reading WPP Expected To Reveal Upturn In Profits

The worldwide creative chief of advertising and media services agency, Publicis, is reported to be leaving the agency to start a non-advertising business in a joint venture with his current employer. David Droga has declined to provide any details about the new company or his partners, other than to say they are not from the… Continue reading Publicis Creative Chief To Start New Company

Publishing group, United Business Media (UBM), has bought three online and events companies for $56.5 million, adding on to its existing industry businesses. The company has acquired online publishing, live events and research/analysis group, Light Reading Inc for $24 million, US chemicals events business Informex for $24 million and online electronics business media platform TechOnLine… Continue reading UBM Buys Extends Online And Events Reach

Outdoor advertising group, Maiden, has issued an update on the six months ended 30 June 2005, revealing trading conditions over the summer to be showing signs of improvement over last year, with Group billings marginally up in the first six months. The expected continued challenging conditions in the advertising market is shown to have adversely… Continue reading Maiden Reveals Improved Summer Trading

Grey Worldwide has announced the appointment of former Euro RSCG Worldwide chairman and chief executive officer, Jim Heekin, to chairman of the WPP owned media network. Heekin will take up his new role from September 6, after months of rumours involving discussions with talks intensifying following his resignation from Havas owned, Euro RSCG Worldwide, at… Continue reading Grey Appoints Heekin As Chairman

Former Sun editor, Kelvin MacKenzie, has shown a surprise interest in publishing firm Highbury House, after increasing his stake in the company from nothing to 14.99% in just two days. The high-profile media boss is rumoured to be interested in the chief executive position at Highbury, after acquiring a 6.2% stake in the firm on… Continue reading MacKenzie Purchases Holdings Of Almost 15% In Highbury