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Beleaguered cable operator Telewest has announced the appointment of Eric Tveter as president and chief operating officer following the departure of acting chief Barry Elson last month. The appointment comes just weeks before the expected completion of the company’s crucial £3.9 million debt for equity swap, which was agreed last September after months of wrangling… Continue reading Telewest Names New Chief Ahead Of Financial Restructuring

News from Martin Sorrell, that March and April of this year are stronger than anticipated, was taken by dealers to mean WPP is likely to have results coming in above forecast. Speaking at a Merrill Lynch conference yesterday, Martin Sorrell said March and April were stronger than the first quarter average as momentum built. He… Continue reading WPP Likely To Beat Forecasts As Ad Recovery Is Stronger

British Sky Broadcasting(BSkyB) today announced plans to drive demand for digital satellite television through initiatives that will address free-to-air and premium pay-TV audiences. Speaking at an investor conference in London, James Murdoch, Chief Executive of BSkyB, said later this year the company will introduce a free-to-air satellite proposition that will support the Government’s proposed switchover… Continue reading BSkyB To Drive Digital Demand Through New Initiatives

A final deal for the Telegraph Group is imminent following bids yesterday from Barclays and private equity group 3i. US investment bank Lazard, which is handling the sale for Hollinger International, is expected to contact interested parties today in an attempt to ratchet up the price of the Daily and Sunday Telegraph and the Spectator… Continue reading Deal ‘Close’ As Barclays and 3i Bid For Telegraph

SMG, the Scottish media conglomerate, is reputedly in the process of sounding out potential buyers for its Virgin Radio station, which it hopes to sell for £130 million. It is understood that several rival radio groups have expressed an interest in the radio station, which SMG acquired for £225 million three years ago. However, industry… Continue reading Virgin Radio May Be Sold As SMG Predicts Positive Year

Lord Rothermere’s Daily Mail & General Trust is believed to have taken the lead in the race to seize control of the Telegraph titles with a seemingly unbeatable cash bid approaching £700 million. It is understood that the newspaper group took pole position over its two rivals – the Barclay brothers and 3i – after… Continue reading Lord Rothermere Tables £700 Million Bid For Telegraph Titles

Scottish Media Group has announced the appointment of Chris Masters, a former oil and manufacturing boss, as its new non-executive chairman following the departure of Don Cruickshank earlier this year. Masters joins SMG with no direct media experience, but has held senior positions with several high-profile companies, most recently as non-executive chairman of heating unit… Continue reading SMG Appoints Media Newcomer As Chairman

The Daily Mail & General Trust revealed a positive set of interim results today with rises in both profits and advertising revenue, but it was careful to warn of complacency in a still volatile market. The group’s national newspaper division, Associated Newspapers, saw advertising revenue increase by 6% year on year, with rises recorded in… Continue reading DMGT Sees Revenues Rise In Positive First Half

Capital Radio has launched a £5 million joint venture to design, manufacture and market a new breed of digital radios for younger listeners, as part of an initiative to drive the market forward. The scheme will see the creation of an Xfm-branded digital radio set, which will launch in the run up to Christmas with… Continue reading Capital To Boost Digital Radio With X-fm Branded Sets

Chairman, John MGuckian, of ITV owned Ulster Television (UTV), said today at the company’s annual general meeting, that the year had got off to a very good start and expects UTV advertising revenue to grow by 16% during the first six months of 2004. McGuckian said: “A continuing feature of UTV’s progress is outperformance. Our… Continue reading Ulster TV Revenue Set To Grow By 16%