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RTL has secured complete control of Five, after agreeing with United Business Media to acquire the outstanding 35.4% shareholding for £247.6 million. The transaction is expected to be finalised by the autumn, although it remains subject to regulatory approval from competition watchdogs. The announcement sees RTL command a 100% share holding, having built up its… Continue reading RTL Seizes Full Control Of Five

Media group Emap, has predicted it’s full-year performance to be in line with forecasts, despite the relatively early point in the new financial year and a “degree of uncertainty” regarding the economic outlook. In a trading statement released by the group, it said that it expects to meet its expectations for the full year, buoyed… Continue reading Emap Predicts 2005 Performance To Meet Expectations

Phillippe Wahl has been named as chief executive officer of French advertising group Havas, with Vincent Bolloré, the company’s single largest shareholder, taking up the role of chairman of the board. After a meeting last night, Bolloré was appointed the new chairman in a management restructure which will see a new generation of executives, promoted… Continue reading Bollore Named As Chairman Of Havas

European e-commerce is rising in popularity across Europe, with increases of 40% expected for 2005, spurred on by the adoption of broadband across the continent. According to eMarketer’s latest report, Western Europe E-Commerce, online shopping and purchasing is on the rise even in countries that are seeing deteriorating offline retail sales. Commenting on the research,… Continue reading European E-Commerce Forecast To Rise By 40% In 2005

United Business Media (UMB)looks likely to sell its 35% share in Five, after reports this morning over a buyout deal from European broadcaster, RTL. In May, the Sunday Express claimed that UBM was preparing to offload its 35% stake in Five, with 65% stakeholder, RTL, in line to purchase the remaining share for £250 million.… Continue reading UBM To Sell Five Share

Market information group, Taylor Nelson Sofres (TNS) has revealed good growth in revenue in the first half of 2005 across most regions, with a weaker than anticipated performance in the UK and US custom research division. According to a trading update issued by the company, group full year underlying revenue growth is expected in be… Continue reading TNS Enjoys Good Start To 2005

Cable giants NTL and Telewest look set to announce their long-awaited merger this month, with reports over the weekend predicting that the two companies would begin formal steps towards consolidation before the end of July. The Independent on Sunday claims the tie-up will have begun to take shape within weeks, with a source close to… Continue reading Cable Giants Set To Announce Merger This Month

Aegis has delivered an optimistic trading update this morning, buoying investors’ confidences ahead of its close period, despite several uncertain forecasts. The media and communications group states that, after five months trading, overall results are in line with expectations outlined at its AGM in May (see Siemens Wins £2bn Deal From BBC Technology). The company’s… Continue reading Aegis Positive Despite ‘Patchy’ European Ad Growth

News International (NI), the publishing arm of News Corporation, is reported to be inviting potential bids for the Times Educational supplement along side other specialist titles, with the education business valued at approximately £250 million. According to the Financial Times, Rupert Murdoch has discussed the potential disposal of the assets at a News Corporation board… Continue reading News International To Sell Education Titles

Trinity Mirror has received a bid for its flagship tabloid, the Daily Mirror, from a consortium led by multi-millionaire conference organiser Marcus Evans, according to reports this morning. However, according to The Times, the bid has been rejected despite Evans offering between £700-800 million for Britain’s third-best selling daily. A spokesman for Trinity Mirror said… Continue reading Trinity Rejects £800 Million Take-Over Bid For Mirror