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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

Charles Allen, chief executive of ITV, has announced that the group plans to sell off some of the non-core business units as part of an efficiency drive. The non-fiction book publisher, Carlton Publications, will be the first to be put up for bidding, along with the Moving Picture Company, which created visual effects for blockbuster… Continue reading ITV Publishing And Movie Businesses For Sale

Independent News & Media, publisher of The Independent and the Independent On Sunday, today announced that strong revenue growth has been enjoyed across all major markets for the first half of 2004. At today’s AGM, executive chairman Sir Anthony O’Reilly said group total revenues are comfortably ahead of 2003, with the strong trading performance being… Continue reading Independent News Delivers Strong Growth In First Half Of 2004

A court in Delaware gave Lord Black the go-ahead on Friday to proceed with legal action to attempt to block the sale of the Telegraph titles to the Barclay brothers. Black is expected to file a suit within days, asking for Hollinger International shareholders, the parent company of the newspaper titles, to cast a vote… Continue reading Lord Black Gets Court Go-ahead

In a trading update, WPP chairman Philip Lader said, that the US continues to show growth but conditions in Western Europe remain relatively tough, particularly in France, Germany and the United Kingdom. Commenting today on operating for the first five months of this year Lader said: “2004 is certainly proving to be a better year… Continue reading US Continues To Grow But Conditions Tough For UK Says WPP

The online advertising market was given a much needed confidence boost yesterday when America Online (AOL) announced the acquisition of internet marketing firm, Advertising.com. The online advertising market had recently been written off after it collapsed following the dotcom frenzy in 2000 and many asked whether the advertising model was viable. Advertising.com, which was founded… Continue reading AOL Acquisition Boosts Online Ad Confidence

Lord Conrad Black has revealed that a mystery bidder has come forward for the Telegraph titles as he attempts to derail the Barclay brothers £665 million deal to take control of the broadsheet newspaper. The disgraced media tycoon claims to have been approached last month by an unnamed investment management firm, which was interested in… Continue reading Black Unveils Mystery Bidder For Telegraph Titles

Trinity Mirror has seen advertising revenue increase by 5.1% in the last six months, but circulation volumes for the Daily Mirror have been disappointing, according to a pre-close trading update issued by the newspaper group today. In a statement released ahead of meetings with analysts, Trinity Mirror said its regional newspaper business division is expected… Continue reading Trinity Mirror Sees Advertising Revenue Rise By 5.1%

ITV has today announced that its multi-channel revenue target for the next three years has been set at £150 million, with an increase of £36 million being invested in programming. The investment increase will enable ITV to double ITV2’s programme budget and launch the new ITV3 channel at the end of this year. After reports… Continue reading ITV Revenues Up As Next Three Year Targets Unveiled

The billionaire Barclay brothers have succeeded in their hard-fought battle to take control of the Daily Telegraph and its sister publications with a winning bid worth £665 million. The reclusive media moguls, who own the Business and the Scotsman, saw off a rival bid from venture capital firm 3i and its US partner Veronis Suhler… Continue reading Barclay Brothers Take Control Of Telegraph Titles