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Commercial broadcaster, ITV, has today announced a massive 49% increase in operating profit to £325 million for the year ending 31 December 2004, helped by a rise in net advertising revenue across the ITV brand. Operating margin in 2004 grew by 45% year on year, with net cash inflow from operating activities hitting £321 million.… Continue reading Advertising Revenues Drive ITV Profits Up

Commercial radio group, Chrysalis, has announced an improvement in trading within the radio advertising market during January and February 2005. According to the Group’s pre-close statement issued today, trading for the Group is reported to be in line with the Board’s expectations for the full year, confirming predictions made in January (see Chrysalis Optimistic For… Continue reading Chrysalis Performing In Line With Expectations

Media and communications group, Aegis, has released a positive trading statement for the year ending 31 December 2004, showing 13.1% increase in profits year on year to £647.5 million, while revenue rose by 15.1% to £747 million in the same period. Organic revenue grew by 8.4% during 2004, compared to 4.7% in 2003, while the… Continue reading Aegis Enjoys Profit Increase For 2004

Market information group, Taylor Nelson Sofres (TNS), has released a positive trading statement for the year ending 31 December 2004 announcing a 4.1% rise in underlying revenue, above predictions made by the Group at the beginning of the year. The company’s trading statement reported an increase of 17.4% in revenue for 2004 and a growth… Continue reading Taylor Nelson Sofres To Grow Ahead Of Market In 2005

Multi-media group, Ulster TV (UTV), has announced an increase of 28% in profits for 2004, with Group turnover revealed to be up 18% at £63.5 million, compared to £54.0 million in 2003. The Company’s television operating profit was reported to be up, adding 29% year on year, to reach £15.2 million. Radio and New Media… Continue reading Ulster TV Reports 28% Profit Increase For 2005

Havas media group has reported a strong performance in 2004, with organic growth increasing by 2% for the full year, fuelled by the company’s strong performance in quarter four of 2004. The board of directors met yesterday to approve the 2004 financial statement, confirming predictions that its operating margin would be higher in the second… Continue reading Havas Confirms Strong 2004 Results

Grey Global Group shareholders have approved the sale of the company to Sir Martin Sorrell’s WPP Group, clearing the way for the deal to close on March 7 this year. Grey shareholders are reported to receive $1.7 billion in cash and WPP stock out of the $1.5 billion purchase of the New York based media… Continue reading Date Set For Grey And WPP Deal

Global advertising company, WPP, has agreed to merge it’s current outdoor specialist, Portland Outdoor Limited, with Poster Publicity, creating a £350 million global outdoor media buying and planning business. The deal will see WPP’s Group M transfer its outdoor business and professionals into the new venture, resulting in the emergence of a leading global outdoor… Continue reading WPP Merges Outdoor Division

Morris Tabaksblat, non-executive chairman of publishing group Reed Elsevier, has announced his retirement from the firm, and the instalment, subject to his appointment to the board, of Jan Hommen as his successor. Tabaksblat, who has been chairman since 1999, is reducing his business commitments for personal reasons and will step down from the role following… Continue reading Reed Chairman Retires

The Wireless Group could soon be sold to the highest bidder, according to reports this morning, with investment bank Goldman Sachs reported to be preparing an auction of the company despite a failed management buyout last week. According to The Times, Goldman Sachs is advising the broadcaster following the distribution of a “sale memorandum” last… Continue reading Wireless Group To Be Auctioned