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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

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

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

Staff – MediaTel NewsLine Jim Kite, Universal McCann’s top research executive, has left the company’s global research division at the Interpublic unit, taking up the head research post at Publicis’ MediaVest unit to mark the latest high-profile defection from McCann’s senior management team.Last month saw Robin Kent replaced in the position of worldwide chief executive… Continue reading McCann Loses Kite As Wind Of Change Sweeps Management

Future has announced that its bid for Highbury House Communications has lapsed following an earlier announcement from the Office of Fair Trading (OFT). The OFT refereed the proposed merger of magazine publishers Highbury House Communications and Future, to the Competition Commissions under provisions of the Enterprise Act, 2002. Future’s all-share bid for Highbury was announced… Continue reading Future Drops Highbury Merger After OFT Referral

Staff – MediaTel NewsLine An announcement is expected this week from Quantum Publishing on the future of trade title, Media Week, following the company’s decision to sell off some of its most lucrative business titles last year.Quantum, themselves owned by ABN Amro Capital, have made no secret of their desire to sell off their most… Continue reading Media Week Sale Decision Expected This Week

The future of digital TV will be put under the spotlight tomorrow, with MediaTel Group, in association with MediaGuardian, presenting a seminar on the topic, chaired by the BBC’s media correspondent, Torin Douglas, and featuring a panel of distinguished media commentators. Held at the Guardian Newsroom, the event will comprise a panel debate and audience… Continue reading Digital TV Debate To Set The Agenda

Staff – MediaTel NewsLine The Institute of Practitioners in Advertising (IPA) has announced the appointment of Moray MacLennan as the new chairman of the IPA Client Services Committee.MacLennan is currently chairman of UK Group M&C Saatchi and is responsible for all group companies, including Lida (DM), Talk PR, M&C Sponsorship and Immediate Sales.He joined the… Continue reading IPA Appoints New Client Services Committee Chairman

The Office of Fair Trading (OFT) has cleared the way for a new afternoon or evening newspaper to be distributed to London commuters, following a 23-month investigation. The OFT looked into the exclusive rights of Associated Newspapers Ltd (ANL), publishers of the London free morning newspaper the Metro and paid for afternoon/evening newspaper the Evening… Continue reading OFT Clears Way For New London Afternoon Paper

Magazine and radio group, Emap, has announced the resignation of its group finance director, Gary Hughes, after five years at the company with agreement that he will leave in May, after the group’s preliminary results are issued. Commenting on the departure, Tom Moloney, chief executive of Emap said: “Gary has done an excellent job for… Continue reading Emap’s Group Finance Manager Resigns