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Hollinger International announced last night that it had revisited plans for sale of the entire company and has decided to focus on disposal of the UK subsidiary; including The Daily Telegraph, The Sunday Telegraph and The Spectator magazine. The three British titles are reported to have attracted offers between £600 million to £700 million. After… Continue reading Hollinger Disposal Focus On British Telegraph Titles

Commercial radio saw revenue increase by 7.5% year on year during the first quarter of 2004 to more than £150 million, as big-brand FMCG advertisers continued to increase their investment in the medium. The latest figures from the Radio Advertising Bureau maintain the upward growth for commercial radio, which continues to lead the way out… Continue reading Commercial Radio Continues To See Revenue Rise

Aegis shareholders yesterday voted against the company’s remuneration report which would see chief executive, Douglas Flynn, getting a £2.35 million ‘payment for failure’, according to reports in The Independent. At yesterday’s annual general meeting, the National Association of Pension Funds (NAPF), led shareholders of the media buying agency, to vote against the severance payment, which… Continue reading Aegis Boss Pay Off Turned Down By Shareholders

GWR saw pre-tax profits double to £17.1 million for the year, as advertising revenues grew by 8.4% to £125.6 million outperforming the radio industry increase of 7.8%. National radio revenue, accounting for 51% of GWR’s total revenue, rose by 8.7%, while local radio revenue grew by 7.9%. This is largely thanks to GWR’s implementation of… Continue reading GWR Outperforms Industry As Profits Double

Profit for Highbury House Communications is significantly ahead of last year, reflecting the impact of acquisitions in 2003 and improved performance from its business magazine sector. At this morning’s AGM, Highbury House chairman, Ian Fletcher, told shareholders that Group revenue for the first four months of this year is up 38% on the same period… Continue reading Highbury House Reaps Benefits of 2003 Acquisitions

Aegis today announced that trading for the first four months of this year has been positive as the advertising market recovery takes hold in all of the Group’s key markets. Chairman, Douglas Flynn said: “The Group’s revenues are comfortably ahead of last year in all three geographic regions, with our market research business carrying forward… Continue reading Ad Market Recovery Improves Aegis Trading

Emap today announced that pre tax profits were up 12% for the year, spurred mainly by growth in the UK magazine and B2B sectors but today’s share price dropped by over 9% as the group warned competition in the French TV listings market and the weakness of Euro would impact the coming year’s profitability. Profits… Continue reading French TV Listings Holding Back Emap Despite Profits Rising

Telewest shareholders gave the go ahead to one of the company’s many financial restructuring steps, at the Extraordinary General Meeting held on Friday 21 May. The groups shareholders passed a resolution to transfer most of the company assets in to Delaware, a subsidiary of Telewest Global. Telewest chairman, Cob Stenham said: “We thank our shareholders… Continue reading Telewest Shareholders Give Go Ahead To Financial Restructuring

ITV chief executive Charles Allen will present his future strategy for the broadcaster at a crucial board meeting next week as shareholders call for clarification of his plans for competing in the digital age.The board meeting will be chaired by ITV chairman, Sir Peter Birt, who is understood to have been talking to the company’s… Continue reading Allen To Clarify ITV Strategy At Crucial Board Meeting

Ahead of the release of Emap’s Annual Statement next week, broker Merrill Lynch, has said that it expects pre tax profit at the magazine publisher to be up 12% to £196 million for 2003/2004. Merrill Lynch says, that although underlying momentum in the UK consumer portfolio is slowing, the recent launch of magazine, Closer is… Continue reading Profits At Emap Set To Rise Says Merrill Lynch