More Media Business articles

Commercial radio group, Chrysalis, has seen revenues fall by 3% for the period 1st September 2004 until January 2005, compared with a strong first five months of the previous financial year, with like for like revenues increasing by over 21%, according to a company trading update issued today. The Group was hit by the softness… Continue reading Chrysalis Optimistic For 2005, Despite 3% Revenue Fall

Scottish Radio Holdings (SRH) has issued a positive trading statement to shareholders, for the period October to December, announcing an 11% growth in revenues and a 5% increase in like-for-like revenues. Although the national radio market was challenging in the first quarter, especially during December, SRH reported a strong performance in local radio advertising, with… Continue reading Scottish Radio Holdings Optimistic About 2005

Global advertising company WPP, has won European approval for its $1.5 billion purchase of New York based Grey Global Group, despite industry worries how the merger may affect the market for media buying. The European Commission has today given WPP the go ahead for the acquisition of Grey, clearing the way for Grey shareholders to… Continue reading WPP Approved To Buy Grey

Commercial radio group, Capital Radio plc, has today issued a trading update, saying that the group’s overall revenue has dropped by 4% in the quarter from October to December 2004. The update is reflective of the challenging market conditions faced by the radio industry over the past few months. However, the Group is optimistic that… Continue reading Capital Radio Revenues Down After Slow End Of 2004

Commercial radio group, GWR, has announced a negative trading statement with the Group’s like for like revenues falling by 3% year on year, in the quarter to December 31 2004. The Group was affected by weak trading in the radio advertising market throughout October and November, but boosted by some growth during December. GWR saw… Continue reading Weak Radio Advertising Affects GWR

Radio and magazine Group, Emap has announced a positive trading outlook for January and February 2005, despite an expected “weak” performance within its business-to-business (B2B) unit. The company is confident of achieving its full year expectations, and will issue its pre-close trading update on 30 March of this year. The trading statement, released ahead of… Continue reading Emap Strong Start To 2005, Despite Weak Recruitment Titles

The Office of Fair Trading (OFT) has told broadcaster TV Eye to amend certain arrangements governing the sale of advertising airtime, after a complaint by the Institute of Practitioners in Advertising (IPA). The OFT was concerned that arrangements put in place by TV Eye enabled broadcasters ITV, GMTV, Channel 4 and Channel 5 to agree… Continue reading TV Eye Told To Amend Advertising Airtime Sales

Publishing and media group United Business Media (UBM) has settled its on-going dispute with commercial broadcaster ITV, created by the merger of Granada and Carlton Communications last year, over Granada’s £1.75 billion acquisition of UBM’s ITV franchises in 2000. The settlement involved a £32 million payment from ITV to UBM and, although neither company has… Continue reading UBM And ITV Settle Franchise Dispute

International media group, Pearson, will see a near 20% increase in earnings in 2005, according to analysts Merrill Lynch. Yesterday Pearson issued a positive trading statement (see Financial Times Will Break Even For 2004), stating that the company has experienced a larger than expected growth for its Higher Education Business Group, growing ahead of the… Continue reading Merrill Predicts Optimistic 2005 For Pearson

International media group, Pearson has today issued a positive scheduled trading update ahead of its 2004 preliminary results announcement on 28 February, stating that Pearson’s flagship publication, The Financial Times is breaking even in the fourth quarter, reiterating expectations in the Group’s November trading update (see Financial Times Expected To Break Even By Year End).… Continue reading Financial Times Will Break Even For 2004