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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

CVC Capital Partners, the private equity group is reported to be in the early stages of plotting a possible take over bid for UK Newspaper publishing group Trinity Mirror PLC. CVC is said to be analysing the company to see how much it would be worth paying for. Recently Trinity Mirror has seen its share… Continue reading Rumours Of Trinity Mirror Takeover By CVC Capital Partners

Newspaper publisher Trinity Mirror has today issued a trading update of their expected results, outlining a strong performance throughout 2004 in line with expectations. Group advertising revenues, excluding titles in Ireland disposed in January 2004,have increased by 4.2%, for the five months to November 2004 year on year. The Regionals division has achieved advertising growth… Continue reading Trinity Mirror Delivers Positive Trading Update

American TV distributor Liberty Media has held talks with competitor News Corp about selling the stake it built up in the television and newspaper company this November. Robert Bennett, chief executive of Liberty told investors at a recent conference in New York that “there have been some conversations” between his company and News Corp. Analysts… Continue reading News Corp to Buy Liberty Media Shares

American investors expect cable operators NTL and Telewest to merge in early 2005,creating a combined front in the increasingly competitive digital TV market. Both of Britain’s leading cable companies are in large amounts of debt after the installation of the cable network in the UK and faced with bankruptcy they were forced to restructure. The… Continue reading NTL and Telewest Set To Merge

Future Publishing, the international special interest consumer magazine group, has announced a 10% increase in advertising revenues in the last 12 months. In the year to September 2004 the company’s adjusted operating profit increased by 1% on 2003, going up to £23.6m, while adjusted pre-tax profit rose by 1% to £23.8m. Circulation revenue also rose… Continue reading Future Advertising Revenues Up 10%

The uncertainty in the US economy could affect WPP’s earnings in 2005 and 2006, Sir Martin Sorrell warned investors at a recent conference in New York. Speaking at the Credit Suisse First Boston media and telecoms conference the WPP Chief Executive said that the company expected to see a 15% increase in earnings in 2004… Continue reading Weak Dollar Could Force WPP Profits Down

Cable operator NTL has announced that it has entered into a definitive agreement to sell its broadcast business to a consortium led by Macquarie Communications Infrastructure Group (MCG) for a purchase price of GBP 1.27 billion. While subject to regulatory approval, the deal is expected to be closed in the first quarter of 2005. The… Continue reading NTL To Sell Broadcast Business For £1.27 Billion

Newspaper heavyweight Daily Mail & General Trust has announced preliminary results for the year ended 3rd October 2004, revealing adjusted profit before tax of £234 million, up 26% on the figure for last year, spread across the Group’s businesses and marking significant growth in all aspects of the company. In particular, the performance reflects growth… Continue reading DMGT Reveals Profits And Forecasts Continued Growth

Specialist magazine company Future Publishing has announced the acquisition of What Laptop magazine from rival Crimson Publishing, boosting its portfolio of technology titles in a deal worth £650,000. The title caters for the portable computer market, providing readers with purchasing advice on the latest in pocket organiser and PC technology. Launched in September 1999, the… Continue reading Future Boosts Technology Portfolio With Laptop Magazine