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Wireless Group chairman and chief executive Kelvin MacKenzie has this morning revealed a positive performance for the radio group with second quarter revenues rising by 36% year on year. At the company’s annual general meeting, MacKenzie announced that the Euro 2004 football championships helped national speech station talkSPORT to see revenues for the quarter rise… Continue reading Euro 2004 Helps Profits Surge By 40% At Wireless Group

Emap chairman Adam Broadbent says the cross-media group is making ‘reasonable’ progress towards its full year goals with consumer magazine circulation revenues and advertising performing well. The Emap boss told investors at the company’s annual general meeting this morning that business to business operations are performing strongly and magazine display advertising remains good. However, he… Continue reading Emap Makes Steady Progress Towards Full Year Targets

The BBC has unveiled plans to take radical cost cutting measures so that more of its £2.68 billion licence fee income can be invested in making programmes. According to a report in today’s Financial Times, a small team of managers overseen by John Smith, BBC finance director and chief operating officer, is planning radical action… Continue reading BBC Plans Radical £100 Million Cost Reductions

The international specialist consumer magazine group, Future Network, has today revealed that revenue for the first five months of 2004 is up by 8%, fuelled by growth in Europe and the United States. The trading update, issued prior to the interim results due on 14 September 2004, shows that mainland Europe outperformed all other regions,… Continue reading UK Lags Behind Europe And US Growth For Future

Media and marketing research group, Aegis, today said that revenues for the first half of this year are expected to be comfortably ahead of last year in its three operating regions; Europe, US and Asia. The trading update, issued prior to the interim results due on 7 September 2004, said that during the past few… Continue reading Aegis Performing Ahead Of Last Year

Disgraced newspaper baron Lord Conrad Black has launched his legal bid to block the £665 million sale of the Daily Telegraph and its sister publications to the Barclay brothers. Lord Black’s Hollinger Inc announced last night that it had filed a complaint with a Delaware court demanding a shareholder vote that would effectively give it… Continue reading Black Launches Legal Bid To Scupper Telegraph Sale

Canadian media giant, CanWest, has announced that it has sold its 30% share in ITV owned Ulster Television (UTV) for £59 million. The $50 million proceeds from the deal, which is the largest for ITV since Carlton and Granada merged earlier this year, will help CanWest reduce bank debt, standing at a reported £1.2 billion.… Continue reading CanWest Sells Ulster TV Share

Channel 4 has surprised the broadcasting industry by announcing the appointment of Andy Duncan, BBC director of marketing, communications and audiences, as its new chief executive. Duncan, the man behind the launch of the highly successful Freeview service, had not been named among the frontrunners for the position, which became vacant last month after Mark… Continue reading Channel 4 Appoints BBC Director As Chief Executive

Lord Black’s share in Hollinger International, owner of the Telegraph Group, dropped from 30% to 18.2% yesterday, following a refinancing of the cash-strapped holding company. Due to a pending cash collapse at Hollinger Incorporated, an issue of preference shares was announced, which would convert stock to shares in the Canadian vehicle which holds the stock.… Continue reading Hollinger Cash Crunch Drops Black’s Share

Telecoms giant, British Telecom (BT), is set to slash the rental cost of high-speed broadband for new and existing customers from 1st July 2004. Almost all of BT broadband packages are set to be slashed. Customers can now expect to save a massive £13.00 when using the fastest connection package ‘BT Yahoo! Broadband 1Mb’, which… Continue reading BT Broadband Prices Slashed