More Media Business articles

The Competition Commission (CC) has today formally cancelled the reference concerning the proposed acquisition by Future Plc of Highbury House Communications, after the CC received assurances from Future that the deal had been abandoned. The case was sent to the CC earlier in the month, after concerns were raised that the merger of the two… Continue reading Competition Commission Cancels Proposed Future Bid For Highbury

Guardian Media Group (GMG) will not consider selling its radio stations for less than £150 million, making it unlikely that a deal will be made anytime soon. Last month, GMG was reported to have rejected a £115 million offer for its radio division from Chrysalis. GMG is thought to value its stations at between £150-£175… Continue reading GMG Quashes Imminent Deal Rumours

Executives in Japan and South Korea are losing confidence in the short-term prospects of their respective countries and industries, according to the latest McKinsey Quarterly survey of global executives. The research revealed that respondents from this region are the least confident about the economic prospects of their countries during the next six months and have… Continue reading Global Economic Confidence Falling

WPP has revealed a rise in revenues in an optimistic quarterly trading update issued today, outlining a good performance helped in part by the first-time contribution by the recently-acquired Grey Global. The company’s first quarter revenues have risen by over 16% year on year, primarily reflecting strong organic growth. On a like-for-like basis, excluding acquisitions… Continue reading WPP Revenues Rise With Addition Of Grey

The Television Corporation has appointed ex BBC director of sport, Peter Salmon as group chief executive with effect from 1 July. Salmon will replace Jeff Foulser, who will remain on the board and become director of sport and chairman of Sunset & Vine, the group’s sports production arm. Commenting on the appointment, Tom Chandos, chairman… Continue reading Salmon To Join The Television Corporation

Scottish Media Group, (SMG), has named Fru Hazlitt from Yahoo! to be its new chief executive of radio, strengthening its hold over Virgin Radio.SMG has recently rejected a string of offers for its national radio station, most notably from private equity group, 3i.The takeover bid started in December, but to no avail after SMG rejected… Continue reading SMG Strengthens Hold Over Virgin Radio

Ulster Television has confirmed that it has entered into discussions for a possible takeover bid for The Wireless Group (TWG) owner of talkSPORT radio station. Earlier this morning the directors of Ulster Television confirmed recent media speculation over the acquisition of TWG, saying that discussions were at a preliminary stage and that they may or… Continue reading Ulster Confirms Possible Takeover Bid For TWG

UK publishing group, Pearson UK is reportedly facing growing pressures to sell its flagship publication, The Financial Times, after it emerged that Terry Smith, a city broker. has held talks with trade buyers about a bid for the newspaper. Smith, who is in a legal battle with the Financial Times, is thought to have approached… Continue reading Pearson Under Pressure To Sell Financial Times

United Business Media (UBM) has announced the sale of its market research arm, NOP World, to German company GfK Aktiengesellschaft for £383 million in cash. Earlier this year, UBM announced a review of strategic options for NOP World and a commitment that “if sold, the Board intends that UBM should return a substantial part of… Continue reading UBM Sells NOP To German Research Firm

Shareholders of radio groups Capital Radio and GWR Group have approved the merger of the two companies, creating a single broadcaster with control of more than 40% of the radio advertising market. At an Extraordinary General Meeting held earlier today, all other resolutions proposed, including changing the company name to GCap Media were passed by… Continue reading Shareholders Approve Capital GWR Merger