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ITV has welcomed Ofcom’s proposals to ease some its public service obligations in a move that will clear the way for the broadcaster to concentrate on more revenue-generating commercial programming. The media super-regulator yesterday published a wide ranging report ruling that the levels of public service programming currently demanded of ITV would make little sense… Continue reading ITV Welcomes Ofcom’s Public Service Proposals

Centaur Holdings, publisher of Money Marketing and Marketing Week, has experienced strong revenue growth during the second half of this year, pushing pre-tax profit to £3.4 million. The group, which was AIM listed in March this year, has saw turnover increase by 9% to £68.3 million for the year ending 30 June 2004, while advertising… Continue reading Centaur Encouraged By Ad Revenue Recovery

The BBC has announced today that information technology group, Siemens, which acquired the BBC’s technology division in July, has been awarded a 10 year deal which will see the German based group delivering the Corporations technology services for the next ten years. The £2 billion two-part deal, which covers the purchase of BBC Technology and… Continue reading Siemens Wins £2bn Deal From BBC Technology

Grey Global, WPP’s two week old acquisition, has lost one of its leading advertising accounts – food and confectionery maker Mars – however, this wasn’t enough to worry investors yesterday, as the share price in the world’s second largest marketing group rose from 2.5p to 514.5p. According to today’s Financial Times, although the announcement was… Continue reading Grey Loses Top Client Just Weeks After WPP Take-Over

The BBC has indicated that it would rather pursue partnerships or joint ventures for its commercial arm Worldwide rather than sell it or see it floated on the stock market, as previous reports have suggested. Speaking at a Royal Television Society dinner yesterday, the BBC’s director-general, Mark Thompson, confirmed the publicly-funded broadcaster was reconsidering ownership… Continue reading BBC Prefers Partnership Deals For Worldwide, Says Thompson

Capital Radio Group has said that it is ‘cautious’ about radio advertising revenues in October to December, despite radio continuing to outperform the display advertising market. In a trading update issued this morning ahead of full-year results due on 25 November 2005, the group said, radio revenues for the third quarter are forecast to be… Continue reading Capital Radio ‘Cautious’ Over Q4 Results

Capital and GWR have this morning agreed the terms of their proposed £711 million merger to create a single broadcaster controlling more than 40% of the radio advertising market. The merger will see the creation of the UK’s largest commercial radio group, reaching around 18 million listeners each week with a total of 55 local… Continue reading Capital And GWR Agree £711 Million Merger Terms

GWR, owner of radio station Classic FM, has said that following a strong start to the year, revenues for the first six months are expected to grow by 3% year-on-year. However, revenues in the second quarter, especially during August, were slower than anticipated and as a result its analogue sector, which generate 92% of group… Continue reading GWR Confident Over Revenue Prospects For the Year

Publishing group, Highbury House Communications, announced this morning that it will fail to meet expectations this year and as a result will not be paying an interim or final dividend, despite seeing a 24% jump in revenue during the first half of 2004. The group, which predicted a 27% year-on-year growth in profits from January… Continue reading Highbury House Admits It Wont Be Able To Meet Full-Year Expectations

Outdoor advertising group, Maiden, has saw pre-tax profits for the first half of 2004 climb by a staggering 75%, reflecting the continued growth in the outdoor market. From January to June this year, pre-tax profits reached £2.1 million, as strong advertising bookings continue, with 100% of last year’s total revenue already scheduled in. Turnover was… Continue reading Maiden’s Profits Benefit From Strong Outdoor Ad Market