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United Business Media (UBM) is to sell its automotive titles, Exchange & Mart and Auto Exchange, claiming the publications would be more valuable to other organisations and a sale would be in the best interest of UBM shareholders. Exchange & Mart and Auto Exchange generated £35.8 million in revenue for UBM in 2004, with online… Continue reading UBM To Sell Automotive Magazines

Global advertising group, WPP has reported a strong start to 2005, seeing further growth in revenues, profits and margins following a strong performance in 2004. The US advertising market is continuing to grow, signalling a continued recovery, while Latin American remains the fastest growing region. Asia Pacific is reported to be strong across the region,… Continue reading WPP Reports Strong Start To 2005

Alain de Pouzilhac has stepped down from the position of chairman and chief executive officer of Paris based advertising group, Havas, after losing control of the agency to French industrialist Vincent Bolloré. Havas’s board of directors has agreed to a transitional period in which Richard Colker will assume the position of chairman and chief executive.… Continue reading Alain de Pouzilhac Steps Down As Havas Chairman

GCap Media today warned that the outlook for the radio advertising market remained weak, after advertising revenues fell dramatically during May. The company revealed that total group revenues dropped by 14% in May, on the back of “weak” consumer confidence and a decline in marketing spending from a number of key advertisers. GCap said that… Continue reading GCap And Chrysalis Warn Against Weak Radio Ad Market

Emap has secured control of Scottish Radio Holdings (SRH) for £391 million, seizing control of the company’s 22 radio stations and selling its newspaper interests off to Johnston Press for £155 million. The SRH board accepted Emap’s deal, which values the company at £391 million, with the company receiving 1,088 pence per share, after rejecting… Continue reading Emap Buys Scottish Radio Holdings

UBC Media has seen its losses narrow in the 12 months to 31 March, with the company’s full year results revealing an increase in advertising revenues in the face of a largely depressed market. The company’s outlook is optimistic, with second quarter revenues for 2005 growing by 22% on quarter one last year in the… Continue reading UBC Optimistic As Ad Revenues Outpace Market

Highbury House Communications shareholders have approved the sale of 38 magazine titles to rival publisher, Future, for a cash consideration of £30.5 million. The sale was approved today at an extraordinary general meeting held by Highbury House. The titles purchased include, Fast Cars, Fast Bikes, DJ, DVD Review, the What Video group of magazines and… Continue reading Highbury Magazine Sale Approved

Regional newspaper group, Johnston Press, has this morning warned of deterioration in the advertising market, due mainly, it claims, to uncertainties surrounding the recent general election and a downturn in recruitment advertising. The company states that “more difficult” trading, paired with a downturn in Government recruitment in the run up to the general election had… Continue reading Johnston Press Warns Of Advertising Slowdown

Specialist magazine giant, Future, has warned this morning that sales of titles in niche interest groups had been disappointing since the start of April, due to faltering consumer confidence in the UK. Future’s chief executive, Greg Ingham, delivered the company’s first-half results, stating: “Trading in the (fiscal) second half has begun a little below our… Continue reading Future Sees Profits Rise Despite Dip In Gaming Sector

The BBC’s commercial arm, BBC Worldwide, has announced record profits of £55 million for 2004/05, notching up a year on year increase of 50% due to exceptional performances by its TV sales business, increases in magazine circulation and record DVD sales. The Corporation’s TV sales business saw record profits of £31.7 million as BBC Worldwide… Continue reading BBC Worldwide Sees Surge In Profits