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Capital Radio and GWR Group have given separate trading statements for the first quarter of 2005 revealing that the merged group expects to maintain Capital Radio’s current dividend levels and that it will seek to grow its dividend cover over time. In an update on the merger, proposed for May 9, Capital and GWR said;… Continue reading Update On Capital And GWR Merger

Chrysalis Group Plc confirmed speculation this morning that it has made an offer for the radio assets of Guardian Media Group(GMG). The Group revealed it held preliminary discussions with GMG last week, according to a report in the Sunday Telegraph, but pointed out that there “can be no certainty that a transaction will be forthcoming”.… Continue reading Chrysalis Confirms Offer For Guardian Media Group

Capital Radio plc and GWR Group have announced the proposed name of the merged group, calling themselves GCap Media plc. The development of the new name involved input from both companies, with the brand identity being developed in-house at Capital Radio. Commenting on the new name, Ralph Bernard, executive chairman of GWR said: “The name… Continue reading Capital Radio And GWR Name Merged Group

ITV will not be selling Carlton Screen Advertising (CSA), despite long-term rumours that the broadcaster would off-load it as part of a streamlining of its business. A strong performance by CSA in recent months, in particular the winning of the Cineworld contract, has resulted in the broadcaster announcing that it no longer has plans to… Continue reading Carlton Screen Advertising Saved From ITV Sell Off

Regional newspaper publisher, Johnston Press, has released today an upbeat trading statement for 2004 showing an increase in pre-tax profits of 18% year on year to £150.6 million, compared with £128 million in 2003. This rise is better than expected and follows strong growth in advertising revenue during 2004 across the company’s string of regional… Continue reading Johnston Press Strong 2004 Profits Driven By Advertising Growth

Independent News & Media Plc has experienced robust growth across all of its sectors resulting in a 22.8% increase in operating profit to a record €285.7 million, up from €232.6 million in 2003, driven by strong advertising and circulation growth. According to the company’s preliminary results for 2004 profit before tax rose by an impressive… Continue reading Independent News & Media Report Rise In Operating Profit For 2004

Global holdings group, Interpublic Group has announced plans to defend its General Motors (GM) account, a day after the company’s stock price dropped dramatically after reports that GM would put its media buying account up for review. A statement released by Interpublic said: “We firmly believe that we can mount a successful defence, as we… Continue reading Interpublic To Defend General Motors Account

Specialist business publishing and information company, Centaur Holdings, has released a positive trading statement for the last six months of 2004, revealing profits to have more than doubled to £2.4 million, from £1.1 million in 2003. Turnover for the group performed as expected (see UBM Considering Sale Of NOP World), rising by 12% year on… Continue reading Centaur Reveals Doubling In Profits

Glasgow-based Scottish Media Group (SMG) has released an upbeat trading statement for the year ending 31 December 2004, revealing a 9% increase in profit before tax like for like, to £17.5 million, compared with £16 million in 2003. Total operating profit rose by a massive 62% year on year, up to £17.7 million in 2004… Continue reading SMG Enjoys 9% Rise In Profit For 2004

Publishing and media group, United Business Media (UBM), has announced the departure of its chief operating officer, Malcolm Wall. Wall has held the position since January 2001, before which he was chief executive officer of UBM’s television interests, playing a major role in building the group’s business. From 2001 onwards he delivered strong profit growth… Continue reading UBM’s Chief Operating Officer Departs