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Johnston Press has today sold its share in Two Boroughs Radio Limited for £1.2 million to the Local Radio Company. The 33% share in the radio stations based in Burnley, were acquired by Johnston Press as part of the £560 million take over of Regional Independent Media in April 2002. Last month, former Jazz FM… Continue reading Local Radio Company Acquires Share In Two Boroughs Radio

UBC Media, owner of Classic Gold, today announced that it is starting to reap the benefits of the emerging digital radio market, as revenues for the year grew by 29.1% to £13.3 million. Revenue from the groups Unique Interactive unit, which supplies digital radio software to over five countries, rose by 62% for the year… Continue reading Digital Radio Improving UBC Revenues

TV has suffered its highest-profile management departure since its multi-billion pound merger with the resignation of marketing and commercial director, Jim Hytner, to join Barclays bank. Hytner, credited with rebranding ITV in the run up to the £5.6 billion merger of Carlton and Granada, is stepping down to take up one of country’s largest marketing… Continue reading Hytner Quits ITV After Three Years To Join Barclays

Trinity Mirror today announced that Richard Wallace, deputy editor of the Sunday Mirror, has been appointed as editor of the Daily Mirror to succeed Piers Morgan who was sacked last month. The appointment of Wallace has resulted in Des Kelly, who has acted as editor since Morgan was dismissed over the printing of fake photographs… Continue reading Wallace Appointed As Daily Mirror Editor

Teletext has announced that due to lack of investment and commercial success, its internet site and digital cable services will cease operating, resulting in around 45 redundancies. In a statement issued today, the Daily Mail & General Trust owned company, said that although the teletext.co.uk website has attracted audiences of several hundred thousand monthly users,… Continue reading Teletext Scraps Digital Cable And Internet Services

Lord Rothermere’s Daily Mail & General Trust (DMGT) today confirmed that it has pulled out of the bidding race to take control of the Telegraph titles. In a statement issued this morning, the newspaper group said that discussions with venture capital group, CVC Capital Partners, who have been leading the consortium relating to the sale… Continue reading Daily Mail Pulls Out Of Race For Telegraph Titles

Communications group, Telewest has announced that shares in the company will be delisted from the London Stock Exchange (LSE) on 14 July 2004. The ordinary shares will be cancelled on the Official List of the UK Listing Authority and the admission to trading of such shares on the LSE the day before the Telewest restructuring… Continue reading Telewest To Delist From London Stock Exchange

Local newspaper publisher, Johnston Press, today announced that trading results for the first half of this year will be ahead of expectations, as advertising revenue grows by 5.8%. All categories of advertising are ahead of forecast, with the strongest growth coming from the recruitment sector reflecting the improved business climate in the south of the… Continue reading Johnston Press Results ‘Ahead of Expectations’

UK Ad Spend Increases By 4.8% In First Quarter Of 2004 14.06.04 The Advertising Association today announced that the advertising market in the UK continues on the road to recovery as the first quarter of 2004 grew by 4.8% (current prices), the strongest growth since the end of 2002. The survey carried out by the… Continue reading UK Ad Spend Increases By 4.8% In First Quarter Of 2004

Global advertising giant, WPP has announced that it is backing the launch of media network KR Media, which will be headed by former Aegis Media Europe chief executives Bruno Kemoun and Eryck Rebbouh. WPP will hold a minority stake in the new European network which is set to launch in Paris in September. WPP has… Continue reading WPP Takes Share In Kemoun And Rebbouh’s Media Venture