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Independent News and Media PLC has had a positive 2004, according to their pre-close trading statement, enjoying strong revenue growth and an expected 10% increase in group circulation revenue year on year. All of the companies major markets, Australia, Ireland, New Zealand, South Africa and the UK have seen impressive revenue growth, with a strong… Continue reading Independent Prepares To Close Book On Successful 2004

UK magazine publisher Highbury House Communications has today issued a trading update of their expected results, outlining a weak performance in the second half of the year that did not live up to expectations published in its interim statement in September. As a result, the Group’s share price dropped by 1.13% to 6.62p. The Group… Continue reading Highbury House Has Disappointing Second Half Of Year

American television distributor, Liberty Media International (LMI) has sold its stakes in Belgium cable company Telenet and Irish cable company Chorus Communications to its UnitedGlobalCom Inc subsidiary. Telenet, Belgium’s largest cable operator with about 2.5 million subscribers, was sold for approximately $143 million, of which $121 million was paid to LMI. UnitedGlobalCom Newco now owns… Continue reading Liberty Media Sells Cable Stocks

The recent rumoured takeover bid of newspaper publisher Trinity Mirror PLC by private equity group CVC Capital Partners, looks unlikely because of Trinity’s strong share price. Recently Trinity Mirror has seen its share price take a tumble, leaving them down 3.89% week on week. However, since whispers of a takeover by CVC investors started last… Continue reading Trinity High Share Price Thwarts Takeover

David Levin, chief executive of Symbian has been named as the new chief executive officer of publishing and media group United Business Media PLC. He will succeed Lord Clive Hollick in April of next year after Lord Hollick’s decision to step down from the group after 30 years. On assuming the position Mr Levin is… Continue reading United Business Media Announces New Chief Executive

3 Mobile is planing legal action against the Government media watchdog, Ofcom, to recover some of the one billion that it paid on the launch of its next generation mobile network, according to today’s Times reported. 3 is the only mobile phone company to hit the regulations set out by the Government when it bid… Continue reading 3 Mobile Plan To Sue Government

US mobile phone operators Sprint and Nextel have announced their multi million dollar merger after recent industry speculation. The move creates third super operator in the US, with around 39 million subscribers, just behind current market leaders Cingular Wireless and Verizon Wireless who have around 42 million subscribers. T-Mobile have been pushed into fourth place,… Continue reading Sprint And Nextel Complete Multi Million Dollar Merger

United Business Media (UBM) delivered a positive trading statement yesterday for the second half of 2004, showing particularly strong performance in new product investments. Revenue from publications and events businesses in Asia and the UK is ahead of the same period last year. UK classified revenues are in line with last year, with increased levels… Continue reading United Business Media Delivers Positive Trading Statement

The US telecom giant Verizon Wireless has won the backing of its partner Vodaphone to put in a bid for its rival company Sprint. Sources close to the deal have said that Verizon has been studying a potential mobile deal for 18 months. The announcement comes just days after industry reports said that US wireless… Continue reading Vodaphone Says OK to Verizon Bid For Sprint

A multi million dollar merger between US wireless operators Sprint and Nextel is still undecided despite unnamed sources saying the companies are close to the deal. If the merger were to successfully progress, the combined company would be worth about $70 billion and have around 39 million subscribers, making it the third largest player in… Continue reading Sprint And Nextel Deny Merger