More Media Business articles

Global media company, Viacom, has today announced that advertising revenue for second quarter trading grew by 11% to $3.4 billion, citing an ‘outstanding’ period for the group which was led by double-digit operating income from cable networks and television. For the three months to June 2004, operating income increased by 10% to $1.4 billion, while… Continue reading Viacom Reports Record Second Quarter

After difficult trading conditions in 2003, consumer magazine publisher Highbury House Communications today announced that it expects pre-tax profits for the first six months of 2004 to be up 27% year-on-year, spurred on by expected improvements in advertising revenue. Although a marked improvement on last year, which saw profits dive by £25.7 million (see Highbury… Continue reading Highbury Profits Expected To Rise 27%

UBC Media, owner of the Classic Gold Digital network, announced this morning at its AGM that the outlook for the remainder of this year is positive, as sales in the first quarter jumped 78% year-on-year. The commercial radio broadcasting company and independent radio programme producer said that the directors believe that current trading remains in… Continue reading UBC Confident Of Positive 2004 Results

The Government has failed to announce a definitive switchover date for digital TV, leaving the industry in a continued state of confusion over exactly how to progress towards a digital-only future. Culture secretary Tessa Jowell had been expected to delay the UK’s switchover process until 2012, but the minister has stated that the wider views… Continue reading Government Still Fuzzy On Digital Switchover Date

TiVo, the television recorder that has revolutionised TV viewing has come under scrutiny, as two of the United States heavy weights try to block expansion plans which could let TiVo’s 1.6 million subscribers copy shows and movies to devices outside of their home. In filings made by Hollywood Studios and the National Football League to… Continue reading Copyright Scare Forces Action Against TiVo

The Guardian Media Group, publishers of the Guardian and Observer newspapers, has announced increases in turnover, operating profits and cash flow in its annual results published today. According to chairman Paul Myners, the increases mark a year of “significant progress” for the company. GMG’s head also stated that the company had resisted “quick fixes” in… Continue reading GMG Announces Significant Progress In Annual Results

Media and research group, Aegis, has today announced that it has acquired the Marketing Resources Management Group (MRM Group), owner of Australian based marketing agency One Digital, for £1.6 million. In a statement this morning, Aegis said that it may also have to pay consideration payments of up to £6.3 million over for the next… Continue reading Aegis Acquires One Digital Marketing Agency

Communications group, Cable and Wireless, has today announced that revenues for its first quarter trading declined 9% year-on-year to £798 million. Chief Executive, Francesco Caio said this morning that the expected fall in revenue was principally due to tough UK conditions, coupled with the continued negative impact of exchange rate movements which hit its National… Continue reading C&W Revenues Knocked By Tough Trading Conditions

Ousted Hollinger chairman, Lord Black, yesterday claimed that the new board at Hollinger International had deliberately disregarded bids for the entire company in order to freeze him out, reports the Times. Black is appealing to a US judge in Delaware, where Hollinger is incorporated, to take into account the rights of shareholders to vote on… Continue reading Lord Black Says Hollinger Ignored Shareholder Bids

Lord Black has repaid around $30 million of unauthorised ‘non-compete’ payments to Hollinger International, the newspaper group he chaired until last year. The payments, which Black received over several years, were ordered to be repaid by a court last month after he lost an appeal against an earlier ruling. However, another appeal has been launched… Continue reading Black Repays $30 Million Of Payments To Hollinger