More Media Business articles

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

Newspaper publisher, Trinity Mirror, is expected to announce pre-tax profits of up to £200 million for 2004, compared to £172.5 million in 2003. This total is in line with previous predictions by Trinity, after releasing a very positive trading update of its expected results for 2004 in December, revealing strong growth in all of the… Continue reading Trinity Set To Reveal £200 Million Profit For 2004

International media group, Pearson, has today issued its trading statement for 2004, revealing a drop in profit in the second half of the year, attributed to declines in advertising spending and paperback sales. Pearson reported that adjusted pre-tax profits fell from £410 million in 2003, to £386 million in 2004, with the company citing a… Continue reading Pearson Reports Profit Drop In 2004

Global advertising company, WPP has announced a 15% increase in profits for 2004 to £546 million, reflecting the continued recovery of the advertising market. The second largest advertising company in the world, reported that revenue was up almost 5% to £4.3 million for last year, and that diluted earnings per share rose by over 11%… Continue reading WPP Reports Good 2004

Publishing and media group, United Business Media (UBM), has reported an increase in profit of 36.9 % up to £141.4 million for the financial year ending 31 December 2004. The group saw growth across all sections, with turnover up 8.4% to £809.6 million and operating profit up by 33.1% to £132.3 million. UBM’s operating margin… Continue reading UBM Reveals Strong Profits For 2004

Media owners are missing out on a huge opportunity to interact and talk to consumers on the internet, according to Adam Freeman, head of commercial development at Guardian Unlimited. Speaking at Admap and the World Advertising Research Centre’s Sponsorship and Marketing Conference in London yesterday, Freeman pointed out the benefits of this vast medium for… Continue reading The Rise Of Online Sponsorship

Jeff Henry, UK chief executive of Hallmark TV has reportedly left the channel after its purchase by a conglomerate group, led by former chief executive of Five, David Elstein. The deal, said to be worth £127 million, saw private equity groups 3i and Providence Equity Partners back Elstein’s acquisition of the Hallmark Channels international operations… Continue reading Chief Executive Leaves Hallmark TV

ITV shareholders have ruled out the possibility of involvement in breaking up Scottish Media Group (SMG), damaging Lord Alli’s proposed takeover bid of Virgin Radio for private equity company 3i. Lord Alli had hoped to win support from ITV shareholders in his bid for Virgin, after the Glasgow-based media group had rejected his previous offers… Continue reading ITV Rules Out Helping Alli Buy Virgin

The former chief executive of Five, David Elstein, has bought the Hallmark Channel’s international TV operations for an estimated £167 million. The purchase was backed by private equity group, 3i, and Providence Equity Partners, who reportedly put in half the money to buy the unit from Crown Media Holdings. Commenting on the deal, Crevan O’Grady,… Continue reading Elstein Buys Hallmark Channel’s International TV Operations

Kelvin MacKenzie’s Wireless Group is reported to be the latest interested party in the battle for Scottish Media Group (SMG) owned Virgin Radio. It is thought that Lord Wahees Alli, the media mogul fronting private equity group 3i’s bid for the station, has held talks with the Wireless Group to discuss combining Virgin’s sales unit… Continue reading Alli And MacKenzie Eye Up Possible Radio Ad Sales Merger