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Channel 4 has recorded it highest ever profit after tax, revealing an increase of 34% to £46 million in 2004, compared to £34.3 million in 2003, according to the broadcasters report and financial statements published today. The strong profit growth is attributed to record advertising revenues of 8% and the success of the channels commercial… Continue reading Channel 4 Records Highest Ever Profits

Clive Hollick, the former chief executive officer of United Business Media (UBM), has turned down a controversial £250,000 bonus following a revolt from the company’s shareholders. Shareholders disapproved of the large payout at last week’s annual general meeting, with around three quarters voting against the remuneration report (see UBM To Pay Hollick £250k Bonus). Earlier… Continue reading Hollick Refuses £250K Bonus

Guardian Media Group (GMG) has announced a positive end of year trading update, enjoying revenue growth of 17% year on year for all its stations, signalling a move to profit for the first time. The radio division of GMG has shown remarkable growth, outperforming the industry as a whole, with revenues from Jazz FM and… Continue reading GMG Reveals 17% Revenue Growth Across All Stations

Paris based advertising group, Havas, has continued its turnaround which began in the first quarter of 2004, both in terms of organic growth and Net New Business, revealing a growth of 1.4% in the first quarter of 2005, double what it achieved in the same period of 2004. Havas attributed this strong increase to the… Continue reading Havas Continues Strong Performance

Media group Chrysalis has revealed a dramatic drop in its profits for the first half of the financial year, attributing the decline to falling audiences and a difficult period of trading in its books division. The group shows turnover to have dropped to £78.4 million for the six months ended 28 February 2005, compared to… Continue reading Chrysalis Reveals Drop In First Half Profits

United Business Media (UBM) will pay outgoing chief executive, Lord Hollick, a £250,000 bonus despite an expected revolt by shareholders at this week’s annual meeting. According to a report in the Financial Times , UBM recently wrote to key shareholders in an attempt to pacify them, arguing that the company is “legally” obliged to make… Continue reading UBM To Pay Hollick £250k Bonus

Ulster TV (UTV) has made an official bid for the Wireless Group (TWG), offering £98.2 million for the company, equating to 91 pence in cash for each Wireless share. UTV directors believe that the acquisition of TWG will strengthen the company’s position as a TV and radio broadcaster in the Republic of Ireland. Commenting on… Continue reading UTV Offers £98.2 Million For Wireless

GCap Media formally began trading this morning, following the merger of Capital Radio and GWR, creating a single broadcaster with combined airtime sales accounting for nearly 40% of the UK’s commercial radio market, based on total listening hours. The High Court cleared the way for the two companies to merge at the end of last… Continue reading GCap Media Begins Trading

Newspaper group, Trinity Mirror, has seen group advertising for the first four months of 2005 increase by 2.3%. An increase of 6.5% for January and February was partially offset by a decline of 1.4% for March and April. Advertising revenues for the company’s regionals division enjoyed a rise of 4.0%, with growth in most categories… Continue reading Trinity Sees Group Advertising Rise In 2005

Satellite broadcaster, BSkyB, has added 95,000 net DHT subscribers to its subscriber base, aiding strong financial results and taking the subscriber base to over 7.7 million, compared to 7.3 million in 2004. The group’s results for the third quarter reveal a 31% year on year growth in operating profit to £574 million and a 51%… Continue reading BSkyB Enjoys 31% Rise In Operating Profit