More Media Business articles

The Daily Mail and General Trust (DMGT) group has today announced that Queensland Media Investments will acquire an 85.1% stake in its Australian commercial FM radio station, Hot 91. DMG Radio Australia (DMGRA) was required to dispose of at least 85.1% of its interest in Hot 91 as a result of purchasing a second Brisbane… Continue reading DMGT Disposes Of Stake In Australian Radio Station

Hollinger International has agreed its second major disposal of the year by selling its Jerusalem Post and Jerusalem Report titles to Israeli publisher, Mirkaei, in a deal worth $13.2 million. The firm, which was forced to reassess its business after former chief executive, Lord Black, became embroiled in financial misconduct investigations, is set to move… Continue reading Hollinger Disposes Of Jerusalem Post and Report

Multimedia group, Emap, has said it is ‘on track’ for the financial year as it today posted a 7% increase in total group profits for the first six months of this year. This morning’s results for the period ending 30 September 2004, which were in line with analysts expectations show that as group profits climbed… Continue reading Emap ‘On Track’ To Deliver Revenue In Line With Expectations This Year

Richard Huntingford, chief executive of the Chrysalis Group, has said that the prospect of increased consolidation in the radio sector should not put pressure on companies to merge as a “knee-jerk” reaction. The radio boss stated that the increased focus on consolidation, particularly the proposed merger between Capital and GWR, does not make him feel… Continue reading Chrysalis Not Pressured By Capital GWR Merger

BSkyB has this morning announced that revenue for the first quarter has increased by 11%, despite the group adding only 62,000 new subscribers during the three month period – once again failing to meet its target of 100,000 a quarter. Earlier this week, City analysts predicted that Sky would add only 50,000 new digital subscribers… Continue reading Sky Revenue Up 11% Despite Once Again Missing Its Subscriber Target

Pearson, the international media group, said today it expected its flagship newspaper, the Financial Times, to break even by the end of the year despite an erratic advertising market. The publishing group said ad revenues for the first nine months of this year were up 2%, and forecast the Financial Times would break even in… Continue reading Financial Times Expected To Break Even By Year End

Rupert Murdoch’s News Corporation yesterday unveiled plans for keeping potential take-over bidders at bay, following a move by Liberty Media last week which saw it raising its stake in the group from 9% to 17%. According to today’s Financial Times, the plans, which were approved at last weekends board meeting, would see News Corp’s shareholders… Continue reading News Corp Puts Plans In Place To Stop Potential Take-Over Bids

BSkyB is expected to unveil a significant fall in subscriber figures later this week, as City analysts predict a 70% year-on-year drop in the number of new digital customers. Chief executive, James Murdoch, is expected to say that only 50,000 digital subscribers were added during the last quarter, despite a significant increase in spending on… Continue reading BSkyB To Unveil A 70% Drop In Subscriber Figures

Advertising giants, WPP, announced this morning that it has purchased Connondale Associates, a US sales and marketing consultancy and software solutions firm. The acquisition, will sit under WPP’s insight, information and consultancy business, Kantar Group. Founded in 1992, Cannondale has unaudited revenues of $8.6 million for the year ending 31 December 2003 and net assets… Continue reading WPP Acquires US Marketing Consultancy Group

Paris based advertising group, Havas, has built on the success it achieved during the first half of this year, as third quarter organic revenue outstripped previous quarters to grow by 2.1%. The period from July to September has been the strongest for the group so far this year, as revenues grew to â‚Ź338 million, providing… Continue reading Havas Organic Revenue Spurred On By Europe